Greetings @daprado1999

1.- You have defined the cost and shared its importance. It is true, financing can be considered a cost, since it generates financial expenses when having it. It is very important to determine the cost to know how profitable the business can be.

2.- You have shared the difference between costs and expenses. We can say that the cost is related to the essential operational aspects of a business, where the purpose is to produce a good; and expenses are disbursements that are made to cover collateral activities, as well as basic services related to the project.

3.- You have highlighted the benefits of costing. This provides security and confidence when generating appropriate pricing policies and strategies; both to be competitive in the market and for business growth.

4.- You have shared your way of determining the costs if you have a business. Going after profits is good, however, we must keep in mind at what cost, or what risks we must take to achieve them.

Below I share the evaluation summary.

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