In service businesses, the cost of goods sold (COGS)is equivalent to the time expended to ____ and ____ the service.

Name: In service businesses, the cost of goods sold (COGS)is equivalent to the time expended to ____ and ____ the service.
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Question

In service businesses, the cost of goods sold (COGS)is equivalent to the time expended to ____ and ____ the service. ​

Quizplus · Accepted Answer

In service businesses, the cost of goods sold (COGS) primarily involves the costs associated with producing and delivering the service to the customer. This includes labor, materials, and overhead directly involved in service provision.

In Service Businesses, the Cost of Goods Sold (COGS)is Equivalent