What Does COG Stand For?
COG stands for Cost Of Goods
COG, or Cost Of Goods, refers to the total expenses incurred to produce and deliver a product, including materials, labor, and overhead costs. This metric is essential for businesses to assess profitability, manage pricing strategies, and evaluate inventory efficiency. Understanding COG helps organizations make informed financial decisions and optimize operational performance.
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Added on 31st July 2011 | Last edited on 16th June 2025 | Edit Acronym