Operating expenses are those expenses that the retailer incurs in the operation of the business,other than the cost of goods sold.

Question

Quizplus · Accepted Answer

Operating expenses include rent, utilities, salaries, advertising, insurance, and other expenses related to running the business. These expenses are separate from the cost of goods sold, which represents the direct costs of the inventory that the retailer sells.

Operating Expenses Are Those Expenses That the Retailer Incurs in the Operation