WebFeb 10, 2024 · The total amount of money of goods and services sold is called the revenue. The cost of goods sold is the costs incurred in the production of the goods. It is a collective expense spent to generate revenue in the long time, expressed in terms of monetary value. It includes the cost of materials with the labor costs in the production of goods. WebCOTS (commercial off-the-shelf) describes ready-made products that can easily be obtained. The term is sometimes used in military procurement specifications. See also: …
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