opportunity cost

Cost of Goods Sold (COGS) is an important expense for businesses to consider when calculating their overall profitability. It is the total cost of the goods or services that a business has sold during a given period. This cost includes the cost of materials, labor, and other associated expenses. Understanding the cost of goods sold and its impact on profitability is essential for businesses to maximize their profits.

There are three major costs associated with every document management system: (a) hard costs; (b) soft costs; and (c) opportunity costs. How do you get those under control?