COST
PRICE

COMMON ACRONYMS
..

COMMON STANDARDS OF PRACTICE
...

DEFINITION
Cost is the expense incurred for creating a product or developing a service. Price is what the customer is willing to pay or seller is willing to sell a product or a service for.

CLASSIFICATION
Cost can be classified as follows;

1. Direct Cost
2. Indirect Cost
3. Fixed Cost
4. Variable Cost
5. Operating Cost
6. Opportunity Cost
7. Sunk Cost
8. Out of Pocket Cost
9. Controllable Cost
10. Non-Controllable Cost
11. Product Cost
12. Period Cost
13. Incremental Cost
14. Marginal Cost
15. Economic Cost
16. Explicit Cost
17. Implicit Cost
18. Accounting Cost
19. Private Cost

Price, Pricing OR Pricing Strategy can be classified as follows;

1. Premium Pricing
2. Penetration Pricing
3. Economy Pricing
4. Skimming Pricing
5. Neutral Pricing Strategy
6. Psychological Pricing
7. Optional Product Pricing
8. Captive Product Pricing
9. Bundling Pricing
10. Cost based Pricing
11. Markup Pricing
12. Demand based Pricing
13. Competition based Pricing
14. Promotional Pricing Strategy
15. Geographical Pricing
16. Discriminatory Pricing
17. FOB Factory Pricing

WHY
...

WHEN
...

EXAMPLES
An example is given below;

1. ABC
1. ...
2. ...
2. XYZ
1. ...
2. ...
3. 123
1. ...
2. ...
3. ...
4. ...

DOWNLOADS
...