Difference between Price and Cost | Different Pricing and Costing Methods

Описание к видео Difference between Price and Cost | Different Pricing and Costing Methods

Cost is typically the expense incurred for making a product or service that is sold by a company. Price is the amount a customer is willing to pay for a product or service. The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.

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