price

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Price

The value of a thing with real or perceived worth. Price represents the amount of value the market has assigned, fairly or unfairly, to a good or service. Normally, prices are expressed in terms of money, but practices such as countertrade and PIK securities indicate that prices may be expressed in goods: "four chickens for two sheep." Price is a necessary component of trade.

Prices tend to be regulated by the law of supply and demand; that is, a price of a good or service increases with smaller supply and/or greater demand. A corollary to this is the idea that commoditization drives prices down because it increases supply (sometimes vastly) while leaving demand the same. Prices likewise rise when the value of money declines. Governments can and have controlled the prices of certain goods and services by subsidy or decree. This is usually an anti-inflationary measure and tends to distort, rather than eliminate, the law of supply and demand. It is thus not generally sustainable as a mechanism for controlling price.

price

The dollar amount at which a security trades. Stocks are nearly always quoted fully (that is, $25 means $25 per share), while bonds are ordinarily quoted as a percentage of par value (that is, 98 represents $980 per $1,000 par bond).

price

the money value of a unit of a GOOD, SERVICE, FINANCIAL SECURITY or ASSET which a buyer is required to pay a seller to purchase the item. Usually the price of a product is fixed by the seller in advance on the basis of the costs of producing and selling the product and the seller's desired profit margin. In other cases, however, prices are variable, being determined by prevailing demand and supply conditions as with the sale, for example, of a STOCK or SHARE, a house or items sold at an auction.

Because a purchase involves a money outlay on the part of buyers who operate within a budget constraint, the price of a product is an important factor in the buying decision. It may well be the paramount consideration in many cases, but for some purchases other elements in the MARKETING MIX (product quality and performance etc.) may be equally if not more important. Thus, although many products (especially COMMODITY-TYPE PRODUCTS) tend to be sold at low, competitive prices, many others can be sold at higher prices, providing customers with a variety of price-quality trade-offs and other product attributes. See MARKET STRUCTURE, MONOPOLY, BUYER'S MARKET, SELLER'S MARKET, PRICING, PRICING OBJECTIVES, PRICING METHODS, FOUR P'S OF MARKETING.

price

the money value of a unit of a GOOD, SERVICE, ASSET or FACTOR INPUT. In some markets (for example, see PERFECT COMPETITION), price will be determined entirely by the forces of DEMAND and SUPPLY. By contrast, in other markets (for example, MONOPOLY markets) powerful suppliers have considerable discretion over the price that they charge. In certain circumstances, prices may be subjected to governmental PRICE CONTROL or regulated by means of PRICES AND INCOMES POLICY. See also EQUILIBRIUM MARKET PRICE, ADMINISTERED PRICE.

price

An amount of money exchanged for something of value.

References in periodicals archive ?
Annabel with her chocolate mask of Vincent Price, and inset, another of her creations |
The actor Vincent Price appeared on TV, in films and theater.
Evelyn, the story of an undead girl looking to make living friends, felt like an Edgar Allen Poe tale as told by Vincent Price and directed by Tim Burton.
In the small pantheon of actors closely identified with the horror film, Vincent Price holds a prominent position.
In The Buzz in your May 14 issue, Shari Springer Berman, in referring to Hollywood Forever cemetery owner Tyler Cassity, is quoted as saying, "We were expecting Vincent Price, and instead we got a quiet, intellectual movie star.
The site also reports recoveries, such as an Andrew Wyeth work that turned up in Christie's Auction House after being removed from the Sears Vincent Price Art Gallery years earlier and a Civil War-era flag carried into battle by the 12th Regiment Corps d'Afrique.
Humphrey Bogart, Katharine Hepburn, Gene Kelly, Vincent Price, Danny Kaye, Robert Young, Edward G.
Boris Karloff, Lon Chaney, Bela Lugosi, Vincent Price, Lee, Cushing, and a number of "serious" actors one normally wouldn't associate with horror films have done a wonderful job of panicking audiences, though not to the extent that they don't eagerly come back for more.
He learned to do this not by reading but by listening to recordings of classical works performed by great actors like Vincent Price.
The parallels between Wood and Burton are few but significant: both men deeply admired elder, over-the-hill horror actors--Lugosi and Vincent Price respectively--whose careers they briefly resuscitated near the end of their lives.
Nelson, Kevin Murphy, and Bill Corbett - will unleash their twisted sense of humor during this LIVE one-night Fathom event taking aim at the outdated effects, melodramatic acting and the inherent ghoulishness of the legendary Vincent Price in the 1959 cult classic House on Haunted Hill.