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Gross Profit
Income from sales or services minus the cost of goods sold; it measures how efficiently a company uses labor and supplies in production.
Cost Of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor, used to determine gross profit.
Operating Expenses
Expenses incurred in the normal operation of a business, including costs such as rent, utilities, and payroll, that do not directly relate to the production of goods or services.
Profit Center
A profit center is a branch or division of a company that is directly responsible for generating its own revenue and profit.
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