Greetings @lhorgic

1.- You have developed and explained the concept and importance of Cost. It is an elementary resource in every business, therefore, it is important to efficiently control it.

2.- You have clearly answered the difference between costs and expenses. As you say, costs cannot be avoided, unless we want to considerably lower the quality of the final product.

3.- You have mentioned the benefit of costs in a business. I share your criteria on the way in which the cost should be seen, it is important to establish everything that the productive activity generates, to evaluate and make adjustments if necessary, avoiding investing excessively.

4.- You have developed a way to determine your costs if you run a business. A point that every entrepreneur should have is that profits are not seen quickly, but in the long term, unless they are businesses that do not require much initial investment.

Below I share the evaluation summary.

Thanks for joining the contest.