Greetings @kingcent

1.- You have shared the concept about cost and describe the importance. Cost is related to the financial expenses of manufacturing a product. The analysis provides information necessary to evaluate the future performance of a project.

2.- You have pointed out the differences between costs and expenses. It is important to highlight that costs are related to productive processes that generate income; normally, meals are part of our daily expenses.

3.- You've pointed out the benefits of having good pricing. Quality can directly affect production costs, and therefore, product prices. The budget is essential in every business environment.

4.- You mentioned the way in which the costs of a business can be determined. The strategies proposed in a venture must be detailed, or at least, showing essential elements of a process.

Below I share the evaluation summary.

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