Greetings friend @arinaz08

1.- You have shared a good concept about what cost is, you have also shown the importance it has. It is important to know the cost of production and/or service to make decisions that allow us to have good profitability.

2.- You have shared the difference between costs and expenses, as well as shown a real example. You have taken as a reference the super company Tesla, which has had to develop its own parts manufacturing complex to control production costs.

3.- You have identified some benefits that good pricing provides. This generates clarity in the investment strategy, as well as in the prices to be established for goods and services.

4.- You have explained how you would determine costs in your business. It is important to differentiate between Goods and services, when our venture is a hotel, we are talking about the provision of services, the costs in this case would be determined by the benefits provided to the client.

Below I share the evaluation summary.

Thanks for joining the contest