COGS

COGS is a term used in commerce to describe the expense of “Cost of Goods Sold.” When a company buys something at wholesale and sells it at retail, the Cost of Goods Sold represents the cost to procure or buy a product from the wholesaler or manufacturer direct.

“The COGS this month is higher than last month so the point value is down 3 cents.”

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Related Trunited Topics: (click to learn)

Profit Point, Three Types of Commerce, Big Reward Brands, Payback Percentage, Point Value, Protecting the Point Value