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 ?
Indeed, if the next iPhone X costs as much as the current one and the next, larger iPhone X is even more expensive, then sales of those models (particularly the next iteration of the larger iPhone X) could counterbalance any average selling price erosion caused by the expected popularity of the lower-cost iPhone.
R includes the markdowns in determining year-end retail selling prices. Therefore, the aggregate retail selling price of R's ending inventory is $750 (15 x $50).
"However, the benefit of improved selling prices will be largely offset by higher raw material costs and reduced steel production.
They want and are entitled to the highest selling price the market will tolerate.
After that, I think things will settle down." Some processors and industry observers still maintain, however, that the current level of discounting will keep selling prices down despite list hikes.
Income growth in 2015 resulted from a higher value mix, improved selling prices and lower input costs that more than offset increased SG&A and negative impacts of currency translation and higher manufacturing costs.
1.471-8 allow retailers to approximate (1) cost (retail-cost method) or (2) cost or market, whichever is lower (retail-LCM method), by multiplying the retail selling price of ending inventory by the cost-to-retail ratio.
Corus said it expected demand for steel to pick up in the second half of the year, although the benefits of improved selling prices were likely to countered by further rises in the cost of raw materials.
Generally two or more years are required for improved results to be reflected in higher selling prices. These improvements are beginning to show up in recent listings, according to HMBA President Noah Canfield, who also is president of Clearwater-based Greene & Canfield Associates, Ltd.
The current level of international product prices of Petrol & Diesel and INR-USD exchange rate warrant decrease in selling prices of both Petrol and Diesel, the impact of which is being passed on to the consumers with this price revision.The movement of prices in the international oil market and INR-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.
Growth was supported by the improved demand in the transportation industry globally as well as increased selling prices to cover higher chemicals and specialty-pulp costs.
STEEL maker Corus says profits fell 37% after it was hit by lower selling prices and soaring raw material and energy costs.