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MAC is an acronym for Make-Up Art Cosmetics. It is named one of the top three global makeup brands, with an annual turnover of over $1 billion, and 500 independent stores, with over thirty stores in France. All stores are run by professional makeup artists. [1] MAC is an official makeup brand, used to create makeup for movie actors.
Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.
The operating cost is comparatively less than other retail formats; may be defined as "a combined supermarket and discount store, at least 200,000 square feet (19,000 m 2) or larger, that sells a wide variety of food and general merchandise at a low price."
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Both the cosmetics business and consumers can benefit from the FDA's resources on product testing. The largest cosmetic companies are L'Oreal, Estée Lauder, Coty, Nivea, Shiseido and Chanel. [1] The market volume of the cosmetics industry in Europe and the United States is about EUR €70 billion per year, according to a 2005 publication. [2]
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