Difference between revisions of "Price"
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− | + | Price is the amount of money expected, required, or given in payment for something. In business terms, price is the amount a customer is willing to pay for a product or service. The difference between the price paid and costs incurred is profit. If a customer pays $10 for a product that costs $6 to make and sell, the company earns $4 in profit.<ref>[https://www.investopedia.com/ask/answers/101314/what-difference-between-cost-and-price.asp What does price mean?]-Investopedia</ref> | |
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+ | ===See Also=== | ||
+ | *[[Business]] | ||
+ | *[[Strategy]] | ||
+ | *[[IT Strategic Plan (Information Technology Strategic Plan)]] | ||
+ | *[[IT Sourcing (Information Technology Sourcing)]] | ||
+ | *[[IT Operations (Information Technology Operations)]] | ||
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+ | ===References=== | ||
+ | <references /> |
Revision as of 21:01, 4 November 2022
Price is the amount of money expected, required, or given in payment for something. In business terms, price is the amount a customer is willing to pay for a product or service. The difference between the price paid and costs incurred is profit. If a customer pays $10 for a product that costs $6 to make and sell, the company earns $4 in profit.[1]
See Also
- Business
- Strategy
- IT Strategic Plan (Information Technology Strategic Plan)
- IT Sourcing (Information Technology Sourcing)
- IT Operations (Information Technology Operations)
References
- ↑ What does price mean?-Investopedia