In Business Operation the different types of cost plays a vital role in

corporate world. BO pertains to different activities that the businesses

engage on the daily basis to increase the value of enterprise, to earn a
profit, to keep it running and to maintain it operating. In cost it is a
mandatory expenses which are already acquired or done in order to make
a smooth flow in running a business. These four types of cost affects the
business operation in a way that a firm can create a better competitive
advantage, a certain establishment can produce more merit product, also
it can provide a great service, it can managed the operations efficiently
and definitely not the least this all types of cost can put the company in a
strong position with a wide range in market shares and it constantly
improve it’s stability and profitability.