why is it essential to recognize and analyze cost within a business?
Answer (1)
It is essential to recognize and analyze cost within a business because costs affect profit, decision-making, and growth. By knowing the costs, a business can set the right price for its products, avoid overspending, and identify areas where it can save money. For example, if a company analyzes that production costs are too high, it can look for cheaper suppliers or improve efficiency. In short, cost analysis helps a business stay competitive and financially healthy.have a nice day, kindly brainliest ;)
