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It’s extremely important to know what these specific costs are so that you can calculate them correctly and charge your customers an adequate selling price for your product/service.
Otherwise it will be very easy to lose money very quickly, if for example you cannot cover your expenses. This could result in you having to go out of business.
Ensure you monitor market conditions and the changes of prices for the materials you use to create your product/service, as they will have to be calculated and the selling price may need to be changed accordingly.