Profit Definition
For instance, if you have a customer service group that only performs in aiding current prospects, the expense of that group would fall under COGS. Even so, if your customer service team also contributes to sales activities, they would fall below sales and advertising and marketing, which are operational costs. Imagine a begin-up candle company has generated $100,000 in revenue through the monetary year. It requires some measures to pare down your income figure to your profit. Jane Goodall Institute…