Price vs Cost – What’s the difference?
PRICE VS COST - WHAT'S THE DIFFERENCE? Price and cost. The two are used interchangeably. "What's my price?" "How much will it cost me?" The Merriam-Webster thesaurus lists cost as a synonym for price. They're wrong! In the world of buying things, price and cost are not the same at all. In the world of buying things, the price is how much money you have to pay to get a product or service. It's the number on the price tag. Price is easy to determine and drives most people's decisions on what to buy. Cost, often confused with price, is...