oboloo

oboloo Glossary

Costs Of Selling Products Or Services

oboloo Glossary

Costs Of Selling Products Or Services

Costs of Selling Products or Services (or “COGS”) is a form of accounting used to determine the expenses associated with generating sales. This includes anything from labor and materials to shipping, customer service and returns. COGS helps business owners assess profits by providing insight into the underlying costs associated with bringing products to market. It’s important to note that COGS excludes overhead costs such as rent or marketing expenses. By understanding your COGS, you can identify areas where you can reduce costs and improve profitability.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971