_{__Hello Everyone I Am @MEMAMUN 👳‍♀️ From #Bangladesh 🇧🇩__}

![SLC S21W5_20241206_221454_0000.png](https://cdn.steemitimages.com/DQmdAH5HN2GAH3VQDbM3h1x8cavB44NyJF6p3k4E4MjaFWY/SLC%20S21W5_20241206_221454_0000.png) _{__This is Cover Photo__} Assalamu Alaikum Wa Rahmatullah, I hope everyone is well, I am also well by the grace of Alhamdulillah. I will now write a few words related to the topic of this contest. As much as I have an idea about the subject, I will try to give the maximum. I hope everyone will like this post and my expression. So let's get started without delay. ![45GhBmKYa8LQ7FKvbgfn8zqd6W2YEX34pMmaoxBszxVcFa3deBL7bsRuvcfFeDhD56MDN3hmAScX3LfjNgpXALYfiXLKffzyg265HMSz9A...Kh8vR6ffrMbHy3fn5u8izQeDkaehzCJJdvZ5heWAM2hLiZ4Vd5yBnBQkFbKf1HwqUMrrZN8BCgY2Zmxwnq1Z4NCp7n3SemCAFKidEtmGs2MDn6upiyrrbcWyyY.png](https://cdn.steemitimages.com/DQmYDF2ueuwFCCRz2SAZndNUt3K5LbWkhSmEjz69v9pZX5j/45GhBmKYa8LQ7FKvbgfn8zqd6W2YEX34pMmaoxBszxVcFa3deBL7bsRuvcfFeDhD56MDN3hmAScX3LfjNgpXALYfiXLKffzyg265HMSz9A...Kh8vR6ffrMbHy3fn5u8izQeDkaehzCJJdvZ5heWAM2hLiZ4Vd5yBnBQkFbKf1HwqUMrrZN8BCgY2Zmxwnq1Z4NCp7n3SemCAFKidEtmGs2MDn6upiyrrbcWyyY.png) ***

What is a cost structure, and what is its importance for entrepreneurship?

*** Cost structure is an important aspect of business, the good and bad of the business depends on a perfect cost structure. Cost structure is basically a foundation of business, it manages all the necessary expenses of the business. ![3d-rendering-illustration-bar-chart-with-cost-word-growing-up-arrow-white-background_181624-61535.jpg](https://cdn.steemitimages.com/DQmRZ5sMtW4zyuov4Mgz1WGZy9AUHwZSFv8wSpPQ3A26edz/3d-rendering-illustration-bar-chart-with-cost-word-growing-up-arrow-white-background_181624-61535.jpg)_{[Source](https://www.freepik.com/free-photo/3d-rendering-illustration-bar-chart-with-cost-word-growing-up-arrow-white-background_31177728.htm#fromView=search&page=1&position=1&uuid=fd9d230c-8aae-474c-abcf-ee24df10e27a)} __The cost structure is basically of two types:-__ | 1. | Fixed costs | |-|-| | 2. | variable costs | |-|-| * Fixed costs are those expenses that are fixed. Such as shop rental, cost of various equipment, etc. * Variable costs are those costs that are not fixed, can change over time, such as raw materials. | Cost structure plays an important role in business, such as:- | |-| * It helps in pricing. * It can determine how profitable a product is. * You can plan your business in the future. * Business losses can be reduced. ***

Provide examples of businesses that use the cost structure methods explained; explain your answers

*** The cost structure method is basically a matter where businesses divide each of their expenses into separate sectors. In this, they can easily master the cost structure and dividends of the business. | Some examples of businesses where the cost structure method is used are given below:- | |-| 1) __Rides like, send them.__ Here is their permanent cost, apps and server costs. Variable costs are driver costs and promotional costs. 2) __E-commerce such as Daraz.__ Here are their fixed costs, office rent, system maintenance. Being variable costs, delivery, packaging costs. 3) __Productive businesses, such as. Mobile manufacturing company.__ Here is their fixed cost, the maintenance cost of the factory, and the machine. Variable costs are labor costs. ***

What are the elements of a cost structure? Provide examples

*** | The components of a cost structure are, | |-| __Fixed Costs:-__ Will remain fixed at certain times. * Shop or office rental. * Internet, * apps, * website maintenance costs. __Variable Cost:-__ Will change over time. * Workers' remuneration. * Raw materials. __Semi-variable costs:-__ * Sometimes permanent, * sometimes variable. * Electricity bills, etc. *** ## Such as:- | The cost structure of a fast food store. | |-| __Fixed Cost:-__ * Shop Rent 15000. * Maintenance 5000. __Variable Costs :-__ * Raw Material 25,000 * Workers' remuneration 12,000 __Semi-variable costs:-__ * Electricity bill is 7000 taka. ___In this way, businesses manage their business by adopting a cost structure method.___ ***

Prepare the cost structure of a business dedicated to making cakes. It has a production of 5 cakes per day and expects to obtain a total profit margin of 25%.

*** Suppose a business is being run with 5 cakes 25% profit every day, here the cost structure and profit calculations of the business are mentioned step by step: – First fixed costs, then variable costs and semi-variable costs are mentioned step by step. ![IMG202412067670002.jpg](https://cdn.steemitimages.com/DQmUD8N49soX4iyuds5YFz4ssT8BSKGiMR38dT3gMrexFHV/IMG202412067670002.jpg) ![IMG202412066770003.jpg](https://cdn.steemitimages.com/DQmVzGZrVoe1pb5tdXb9tXg7B3VTadJgyftKjyHZcyNgAf2/IMG202412066770003.jpg) *** ![45GhBmKYa8LQ7FKvbgfn8zqd6W2YEX34pMmaoxBszxVcFa3deBL7bsRuvcfFeDhD56MDN3hmAScX3LfjNgpXALYfiXLKffzyg265HMSz9A...Kh8vR6ffrMbHy3fn5u8izQeDkaehzCJJdvZ5heWAM2hLiZ4Vd5yBnBQkFbKf1HwqUMrrZN8BCgY2Zmxwnq1Z4NCp7n3SemCAFKidEtmGs2MDn6upiyrrbcWyyY.png](https://cdn.steemitimages.com/DQmYDF2ueuwFCCRz2SAZndNUt3K5LbWkhSmEjz69v9pZX5j/45GhBmKYa8LQ7FKvbgfn8zqd6W2YEX34pMmaoxBszxVcFa3deBL7bsRuvcfFeDhD56MDN3hmAScX3LfjNgpXALYfiXLKffzyg265HMSz9A...Kh8vR6ffrMbHy3fn5u8izQeDkaehzCJJdvZ5heWAM2hLiZ4Vd5yBnBQkFbKf1HwqUMrrZN8BCgY2Zmxwnq1Z4NCp7n3SemCAFKidEtmGs2MDn6upiyrrbcWyyY.png) *In this great competition, I think everyone has the best. By participating, their talent and creativity can be revealed. There is no harm in participating, but there is a small gain. So I'm inviting some of my friends here. They are.* | Count | My Steemian Friends | |-|-| 1st | @irawandedy 2nd | @ripon0630 3rd | @muzack1 *** | Thank You Everyone For My Post Reading | |-| *** ![Picsart_24-07-01_18-29-47-156.jpg](https://cdn.steemitimages.com/DQmVDsmbKYaZdnZDVBREE3ctFDdpHZVd73eSsp1AH5NAdh5/Picsart_24-07-01_18-29-47-156.jpg)