Examlex
______ refers to the process of altering foods through the use of living organisms.
Gross Profit
The financial metric reflecting the difference between the revenue and the cost of goods sold (COGS), indicating how much the company earns from its core operations.
Cost Of Goods Sold
Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a business, including materials and labor.
Operating Expenses
Costs associated with the day-to-day operations of a business, including rent, utilities, and salaries.
Statement Of Income
This financial document reports a company's financial performance over a specific period, showing revenues, expenses, and net income.
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