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 ?
* Average first-quarter residential sale price: 221,205, up 14.23 percent
- 83% off HSI 'The Styler' Ionic Flat Iron Hair Straightener (Sale Price: $49.99)
(https://www.microsoftstore.com/store/msusa/en_US/pdp/Surface-Book/productID.5072642200?icid=gm_17hol_bfpre_modF_SurfaceBook) Microsoft Surface Book (256GB) - Original price: $1,899.00 - Sale price: $1,499.00  11/24
The median sale price for the first three months is $234,000, off 1.68 percent from last year.
Save an additional PS1500 on the 64-plate Skoda Octavia 1.6 TDI CR Black Edition 5dr, cost new PS21,685, presale price PS18,495, REAL SALE PRICE from PS16,995
Save an additional PS1000 on a 63 plate Citroen C4 Picasso 1.6 VTI VTR 120 BHP, cost new PS18,020, pre-sale price PS16,988, REAL SALE PRICE FROM PS15,988.
The median sales price during much of the boom period topped $220,000, while the average sale price routinely topped $240,000.
In this case, the sale price of $571,000 would generate a taxable gain of $76,000 for Frazier ($571,000-$495,000).
Sec.] 1.72-9), then the transaction will be characterized as an installment sale with a contingent sale price....
The most popular area for the sales market was the Sag Harbor/North Haven area, which in the second quarter showed a 22 percent increase in closed sales year-over-year, as well as a 76 percent increase in sales volume, 44 percent increase in average sale price, and 27 percent increase in median sales price.
Save PS700 on a 13 plate Vauxhall Insignia 1.8 VVT Sri 5 door, pre-sale price PS11,688 REAL SALE PRICE PS10,988 Save PS700 on a 13 plate Nissan Qashqai 1.5 DCi Acenta, pre sale price PS14,688 REAL SALE PRICE PS13,988.