Cost of Goods Sold, or COGS for short, is all about the money a company spends to make the stuff it sells. It’s like the recipe cost for a baker – how much they spend on flour, sugar, and eggs to bake a cake. COGS covers the obvious expenses: the raw materials that go into the product and the wages paid to the workers who make it. But it doesn’t include things like advertising the product or shipping it to customers. Basically, COGS tells you how much it costs to create a product before you start worrying about selling or delivering it. It’s a crucial number for businesses because it helps them figure out how much profit they’re really making on each sale.
How Mobile Commerce Community Marketing Drives Higher ROI Than Traditional Channels
Mobile applications are experiencing one of their most stable and simultaneously most profitable years. After the pandemic boom and subsequent correction, the market has stabilized. The figures show that users’ attention and money are concentrating on mobile more than ever before, making mobile commerce community marketing the key differentiator for brands seeking sustainable growth.