"Cost structure refers to the various expenses a business must incur to produce its goods or services."

Yes, that's right, I agree that all businesses must know the capital spent to produce goods or the amount of costs spent in making one portion of cake. Only then can the price be set according to the profit to be taken, for example, plus 20% of the total capital to produce the goods, the difference of 20% is the profit. It is so important to know the cost structure so that it is easy to set the selling price including net profit. Thank you very much for writing quality content by sharing it with us on the Steemit platform. This article gets 100% votes from waterjoe ..:)