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 ?
Masque Of The Red Death stars Vincent Price as Prince Prospero in the film version of Edgar Allan Poe's novel.
<B Some of Annabel de Vetten-Peterson's cakes, including the recreation of actor Vincent Price's death mask, left
Annabel's confectionary creations include chocolate "life masks" of Vincent Price.
Edward Scissorhands, 1990, es la pelicula mas autobiografica, dice Burton: "La imagen no es siempre literal, sino esta asociada a un sentimiento", con guion de la novelista Caroline Thompson, inventan un fantastico cuento de navidad, su idolo Vincent Price quien le rindio tributo en Vincent dandole el papel de inventor-figura paterna.
"ere's a Vincent Price marathon on so I gotta watch that," she deadpans.
And Hollywood horror movie star Vincent Price's role in the iconic 1990 film has lived on as a cake - thanks to a Birmingham food artist with a passion for the peculiar.
FRIDAY THE WITCHFINDER GENERAL BBC2 12.05AM One of the great British horror films sees Vincent Price in possibly his best role as Matthew Hopkins, who is empowered by Oliver Cromwell to extract confessions from witches.
FAMILY AFFAIR: Horror legend Vincent Price's daughter, Victoria Price, and his grandson, Jody Price, will wax nostalgic about "The House of Wax'' star.
That showed how it should be done, and there are many more: The Maze, The Mad Magician (with Vincent Price), Kiss Me Kate, Three Stooges shorts (ideal) and dozens more.
There he falls for a doe-eyed posh girl (Emily Browning) who's being bullied into marriage by a slimy senator (Kiefer Sutherland, whose beyond-awful accent makes him sound like Vincent Price).
Vincent Price, 50, admitted possessing cannabis and amphetamine and possessing amphetamine with intent to supply at Merthyr Tydfil Crown Court.
Tim Burton's fantasy, starring Johnny Depp, Winona Ryder, Dianne Wiest and Vincent Price.