Opportunity cost refers to the potential profit provided by a missed opportunity—the result of choosing one alternative for your money over another.| Investopedia
An income statement is one of the three major financial statements that businesses issue. Learn how it is used to track revenue, expenses, gains, and losses.| Investopedia
Cost of goods sold (COGS) is defined as the direct costs attributable to the production of the goods sold by a company.| Investopedia