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- Cost and price are related but have different meanings:
- Cost refers to the expense incurred by a company in producing a product or service.
- Price is the amount a customer is willing to pay for that product or service1234.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Cost is typically the expense incurred for a product or service being sold by a company. Price is the amount a customer is willing to pay for a product or service.www.investopedia.com/ask/answers/101314/what-d…Price is what you pay for services or goods that you acquire; Cost is the number of inputs that occur in producing the firm’s product. The price will remain the same for all the consumer customers. Cost is also the same for all consumers or customers.www.wallstreetmojo.com/price-vs-cost/Price is generally used to refer to the amount of money that a seller is asking for something, and cost generally refers to the amount of money that buyer will spend rather than the price that a seller is asking for.www.britannica.com/dictionary/eb/qa/price-and-costCost is the expenditure required to create and sell products or acquire assets, while price is the amount of money expected in exchange for goods or services.www.accountingtools.com/articles/the-difference-b… - People also ask
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