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Final answer:
Costs in business are essential for assessing profitability. They can be categorized as variable or fixed depending on their relationship with sales volume.
Explanation:
Costs are expenses incurred by a business to generate revenue. In this case, El Sastre S. A. has various costs such as purchasing raw materials, machinery, labor, and other expenses related to its operations. These costs can be classified as variable or fixed depending on whether they vary with sales volume.
Learn more about Costs in Business here:
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