Plan - Pricing

What is a Price?
A price is taken to be the amount of money that something is bought or sold for. Any product or service will have a price and the seller may have a price that is different from what the buyer thinks it is worth.

A product will have a sales value on it which is generally the price or the cost which is taken to produce that product and includes a profit margin for the producer.

Price for Profit
The main objective of every business is to make a profit. There are a number of factors that come into play that affect the profitability of the business. These will include the resources in the business such as employees, management, location, competition, market demand and the cost of producing the products.

" The main objective of any business is to make a profit ..."

In our free enterprise system you have t...

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