Question

what is the difference between cost and price?​

Answer 1

Answer:

Price is what you pay for goods or services you acquire; Cost is the amount of inputs incurred in producing a product and Value is what goods or services pay you i.e. worth. 2. Price and costs are calculated in numerical terms.

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Answer 2

Answer:

1. Price is what you pay for goods or services you acquire; Cost is the amount of inputs incurred in producing a product and Value is what goods or services pay you i.e. worth. 2. Price and costs are calculated in numerical terms.

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