Greetings @ninapenda

1.- You have defined your perception about costs and how important are their good management for a successful business. 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, exemplified through your cake business, where you have differentiated very well those expenditures that are investments, ie that have to do with production and those that are only operating 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.- You have explained very well about the costs in the elaboration of cakes, but we would have liked to see it exemplified through a calculation table, in which each one is detailed and the way in which it is distributed to each cake.

Below I share the summary of the evaluation.

Thanks for joining the contest