Difference between revisions of "Price"
(Created page with "'''Content Coming Soon'''") |
m |
||
| Line 1: | Line 1: | ||
| − | + | 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> | |
| + | |||
| + | |||
| + | |||
| + | |||
| + | |||
| + | |||
| + | |||
| + | |||
| + | ===See Also=== | ||
| + | *[[Business]] | ||
| + | *[[Strategy]] | ||
| + | *[[IT Strategic Plan (Information Technology Strategic Plan)]] | ||
| + | *[[IT Sourcing (Information Technology Sourcing)]] | ||
| + | *[[IT Operations (Information Technology Operations)]] | ||
| + | |||
| + | |||
| + | |||
| + | |||
| + | ===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