Business costs, simply put, are the expenses incurred by a business while attempting to generate revenue. These can be fixed costs such as rent or salaries, or they can be variable costs that change with production and sales volume. All businesses will have a mix of costs and it’s important to keep track of them in order to maintain profitability and grow your business sustainably. Knowing your costs will also help you to keep them under control and make informed decisions about investments and future expansion plans. Ultimately, understanding your various types of business costs will improve your bottom line!