Greetings @aril.hatake

1.- You have defined your perception about costs and how important are their good management for a successful venture. Costs are investments that are recovered in the future, as it is linked to the production process or service.

2.- You have established differences between costs and expenses, exemplifying through a welding business. Costs are all investments associated with the production process.

3.- You have shared with us the importance of costs for the profitability of a business, and how a good management of them can help to have a solid business.

4.- You have explained some aspects to consider when calculating production costs, however we would have liked to see it exemplified through a calculation table.

Below I share the summary of the evaluation.

Thanks for joining the contest