Greetings @jasminemary

1.- You have developed a concept and presented the importance of cost for entrepreneurs. Cost is an important factor in the performance of a company, therefore, it is necessary to monitor it.

2.- You have shared a difference between costs and expenses, and showing an example. Costs are related to all the elements that are obtained and that are directed to the production of goods and services. I find it interesting that you name Light and Maritime Utilities, how does the sewing business apply to the sea?.

3.- You have named the benefits that good cost determination offers. The cost analysis tells us what is the minimum value that we can offer the product, as well as identifying which part of the process generates the most impact on production, to adjust if necessary.

4.- You have estimated a way to carry out cost determination for a business. It is important to be clear about correctly classifying the variables, with the aim of not generating high prices for the product or service, but also not producing losses.

Below I share the evaluation summary.

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