Greetings @aneukpineung78

1.- You have shared the concept of costs, and pointed out its importance. Every company must keep costs in mind if it wants to develop a profitable activity in the future, especially if there are plans to expand.

2.- You have developed the difference between costs and expenses, through an example. It is important to know the business to generate a list of materials, equipment and personnel management, in order to ensure proper determination of costs, developers surely require servers to carry out their activities.

3.- You have described the benefits of making good cost determination. The company will be able to have a report that can be analyzed to generate strategies that promote effective growth actions.

4.- You have shared your way of determining costs in a business. Every project has elements directly and indirectly related to production, it is a matter of knowing how we will associate them in the balance.

Below I share the evaluation summary.

Thanks for joining the contest