Welcome to the 1520 Perfect Dictionary

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Price (2)
PRICE (2)

Definition: The amount of money that you have to pay for something.
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* Three constituents.


1. First input is made up of five distinct components:
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a. Manufacturing cost.

b. Storage cost, if any.

c. Marketing cost.

d. Variable and fixed overheads - rent, transportation, wages, energy, etc.

e. Provision for profit margin - recommended: a maximum of 15% of the total of (a) - (d) above.
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ATTRACTIVE. WHETHER THE GOODS ARE LIFE-SUSTAINING OR LETHAL.



2. (1) above adjusted by the official rate, where applicable and whenever necessary - to meet inflationary or deflationary trends.
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JUSTIFIABLE. WHETHER IT'S OUT OF REACH OR A GIVE-AWAY.



3. Not controlled. That is, amount will be determined by market forces! (Connect to #1).
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AFFORDABLE OR NOT. WHETHER PRODUCT IS FAST OR SLOW-MOVING.

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