How to Pronounce COGS?

Correct pronunciation for the word "COGS" is [kˈɒɡz], [kˈɒɡz], [k_ˈɒ_ɡ_z].

"COGS" in context

COGS (also known as Cost of Goods Sold) is a term used in accounting to refer to the direct costs associated with producing a good or a service. It includes direct labor, direct materials, shipping costs, and anything else that directly contributes to the production and delivery of a product or service. This can include things like packaging materials, advertising and marketing, and office supplies. Cogs are an important part of keeping a business profitable and can help identify the money being spent on producing the goods or services offered. If a business is not tracking their COGS effectively, then they may be overspending in an area, which could lead to decreased profits.

What are similar-sounding words for COGS?


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