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  2. Cost and price are related but have different meanings:
    Learn more:
    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-cost
    Cost 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…
     
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    WEBLearn the difference between price and cost in business and common usage. Price is the amount of money a customer pays, while cost is the amount of money it takes to produce something.

  9. Cost vs. Price: Calculating the Difference

    WEBApr 21, 2022 — Learn the definitions and differences of cost and price in economics, accounting, and everyday language. Cost is what a business pays to produce an item, while price is what a customer pays to

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