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[Applause] [Applause] the word cost generally refers to the price or expense of something it can be used to describe the amount of money time or effort required to acquire or produce something or to sustain a certain standard of living or level of performance just practice some examples what is the cost of this product the cost of living has increased in the past year we need to control our costs to increase profits the cost of the repair is more than the value of the car the hotel offers a low-cost accommodation option the company needs to reduce costs to avoid layoffs the cost of the ticket includes the meal and the drink the cost of the medication is not covered by insurance the cost of the project exceeds the budget we need to evaluate the cost and benefits of this investment the cost of the service varies depending on the location the cost of the meal was included in the hotel package the company offers free shipping to reduce the cost for the customer we need to find a wa
