Cost refers to what's exchanged in return for that product. Cost mainly is made up of the monetary worth of the products. Price also refers to the rest The customer have to sacrifice to achieve the solution, for example time or revenue put in on transportation to obtain the merchandise.[nine]
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This refers to the whole process of environment a selling price for a product, like discounts. The value need not be financial; it can just be exactly what is exchanged for your merchandise or products and services, e.
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