Why should you, as a business owner care about the distinction between costs and expenses?
Answer to relevant QuestionsHow are costs and expenses different? Discuss four methods to decrease cash outflows. Explain why it is easier to borrow money to buy a semi truck than to purchase rights to a business process. In what ways does accepting outside investment change the ways you manage your business? What types of insurance should a small business have? Give your reasons for maintaining each type of coverage.
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