Greetings @hisgeneral

1.- As you have defined it, costs correspond to the investments made to produce a product or provide a service. In addition, you have explained some of the classifications of costs, which will be addressed in future classes.

2.- You have established the difference between costs and expenses, highlighting that the latter are only for the operation of the business and are not related to production, while costs are linked to the production process. We would have liked to see an example of a company where you differentiate costs from expenses.

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.- In a simple way you have explained how to calculate costs, and you have also provided some recommendations for entrepreneurs to perform this type of calculation.

Below I share the summary of the evaluation.

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