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Training should consist of four distinct stages or decisions, which are
Gross Profit
The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.
Cost Of Goods Sold
The direct costs attributable to the production of goods sold by a company, including materials and labor, used in calculating gross profit.
Selling Expenses
Costs incurred directly and indirectly in making sales, including advertising, commissions, and shipping expenses.
Operating Expenses
Ongoing costs for running a business that do not include the cost of goods sold but can cover expenses such as rent, utilities, and salaries.
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