Reach all 20,000+ investors by posting a funding request.
Post a RequestCost of Goods Sold Definition
cost of goods sold – n : finance/accounting term (often
abbreviated COGS); the incremental, direct cost of producing each product or
service unit that is sold to customers; sometimes also referred to as variable cost.
The selling price (revenue derived from selling an individual product or
service unit) minus the COGS equals the gross margin or gross profit.
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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