Cost of Goods Sold (COGS)represents less than 20 percent of sales for most major manufacturers.

Name: Cost of Goods Sold (COGS)represents less than 20 percent of sales for most major manufacturers.
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Quizplus · Accepted Answer

This statement is false. While the percentage can vary by industry, for most major manufacturers, COGS typically represents a much larger percentage of sales. In industries such as retail or food services, it may be closer to 70-80 percent of sales.

Cost of Goods Sold (COGS)represents Less Than 20 Percent of Sales