There is a direct association between cost of goods sold and sales revenue.

Name: There is a direct association between cost of goods sold and sales revenue.
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Question

Quizplus · Accepted Answer

The cost of goods sold (COGS) is directly associated with sales revenue because COGS represents the direct costs attributable to the production of the goods sold by a company. As sales revenue increases, COGS typically increases as well, since more products are being sold and thus more costs are incurred in their production.

There Is a Direct Association Between Cost of Goods Sold