Cost Vs. Price

Posted 09:40 by Sailaja Prakash in Labels:
Many people use the term 'Cost' for 'Price'. The meaning is different for these two words.

Cost = The total amount ("Money" + "Time" + "labour") spent to make or manufacture the goods and services. But it does not include profit.


Whereas:

Price = Cost + Profit.


This is what I remember when I was doing my MBA.


In the similar way, there is a difference between 'Buy' and 'Purchase' too. But I forgot the difference. Can anyone of you help me in this respect?


3 comment(s) to... “Cost Vs. Price”

3 comments:

lee woo said...

Think twice before you speak, because your words and influence will plant the seed of
either success or failure in the mind of another. See the link below for more info.

#words
www.matreyastudios.com



Cindy Dy said...


This is really an interesting topic. I had a great time surfing and found some important tips and information from your blog. Keep it up.

Shella
www.gofastek.com



Gino Roy said...

It would surely allow students towards better and evident piece ideas which are indeed considered to be of utmost important nature. best journal paper