Savvy Business Owners Know This Metric Business owners who understand their cost of goods sold have an understanding of what their firm needs to succeed.
By Entrepreneur Staff •
Business owners who know their cost of sales (also known as cost of goods sold), usually have a strong picture of their business's needs. These leaders understand what it takes to create their core service or product – and can better focus as a result. Our editorial director Ray Hennessey explains more in this short video.
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