The term "running costs" refers to the ongoing expenses incurred while operating a business or organization. These may include items such as rent, utilities, salaries and wages for employees, insurance premiums, office supplies, marketing and advertising, maintenance and repairs, and other regular expenditures necessary to keep the operation running smoothly. Running costs are an important consideration when evaluating the financial viability of a business or organization, as they can have a significant impact on profitability over time.