Greetings @josepha

1.- You have shared a concept and the importance of cost. Every company must have the trained personnel to manage costs and expenses, in such a way, that allows them to see the return on their investment.

2.- You have shared the differences between costs and expenses, and presented an example about it. It is important to be clear about the difference between product and asset. Suppose we are a PC manufacturing company, the computers we produce are products; whereas, the PCs that are used by the staff are assets.

3.- You have presented some benefits of good costing, this allows entrepreneurs to have control of the information, and from there, to make the corresponding decisions.

4.- You have shared your ideas in case you are an entrepreneur, it is good to do a market study and see if the business you want to start is viable. On the other hand, it is important to know the capital you have at the moment.

Below I share the evaluation summary.

Thanks for joining the contest.