Examlex
Write the word or phrase that best completes each statement or answers the question.
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Cost Of Goods Sold
Cost of goods sold (COGS) is the direct cost attributable to the production of the goods sold by a company, including the cost of materials and labor.
Gross Profit
The financial gain a company achieves after subtracting the cost of goods sold from its total revenue.
Operating Expenses
Expenses incurred in the normal operation of a business, excluding the cost of goods sold.
Net Sales
This is the amount of sales generated by a company after deducting returns, allowances for damaged or missing goods, and any discounts allowed.
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