Cost of goods sold is the operating expenses you incur in the day-to-day operations of your business.

Name: Cost of goods sold is the operating expenses you incur in the day-to-day operations of your business.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, not the operating expenses. Operating expenses are the costs required to run the business that are not directly tied to the production of goods or services.

Cost of Goods Sold Is the Operating Expenses You Incur