Cost of Goods Sold - All the material and labour costs related to making the what a business is selling, Overheads - Business running expenditure such as rent, electricity bills, sales staff salary, Direct Labour Costs - Money paid to people who make what a business is selling., Net Profit - This is the actual money made by business after ALL costs (overheads) are deducted., Gross Profit - This is the money that your business has made before overheads are deducted.,

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