Costs of Business refer to all the expenses associated with running a business. This includes raw materials, wages, utilities, transportation costs, and other administrative costs. It also includes depreciation, insurance, taxes, fees, and any other costs that can be considered an expense. It is important for businesses to accurately track their costs of business in order to create an accurate budget and make informed decisions when it comes to investment and growth. By understanding how much money is being spent to run a business, owners can make better decisions about pricing and growth plans.