COS

COS, or Cost of Service, refers to the total expenses a company incurs to provide a product or service. It includes costs like materials, labor, and overhead expenses directly related to production. Understanding COS helps businesses determine pricing, profitability, and efficiency. By analyzing these costs, companies can make informed decisions to improve operations, set competitive prices, and ensure sustainable growth. Essentially, COS provides a clear picture of what it costs a business to deliver its offerings, which is crucial for effective financial management.