According to the Dictionary, value is: verb. 1. estimate the monetary worth of (something). "his estate was valued at $45,000". According to the Dictionary, price is: Noun. 1. the amount of money expected, required, or given in payment for something. "land could be sold for a high price".
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The key differences between them are: Purpose: List Price and Cost Price are important concepts in pricing and business. Setting a List Price aims to make a profit, while the Cost Price covers the cost of producing a product or offering a service. Determination: Determining the List Price involves taking into account factors such as production
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cost vs price vs value