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A comment on Show HN: Beeper – All Your Chats in One App. Parent comment
To my weird brain, and after studying accounting, the word "cost" is more of a business/accounting perspective of "expense".
Whereas the word "price" seems to be more of a consumer perspective of "expense".
Yes, it's a little pedantic ;)
Cost: "(of an object or action) require the payment of (a specified sum of money) before it can be acquired or done."
Price: "the amount of money expected, required, or given in payment for something."
I think it's because:
Costing = Accounting. It's the "science" of determining the expense of producing a product or service.
Pricing = Marketing. Marketing is what consumers experience.
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To my weird brain, and after studying accounting, the word "cost" is more of a business/accounting perspective of "expense".
Whereas the word "price" seems to be more of a consumer perspective of "expense".
Yes, it's a little pedantic ;)
Cost: "(of an object or action) require the payment of (a specified sum of money) before it can be acquired or done."
Price: "the amount of money expected, required, or given in payment for something."
I think it's because:
Costing = Accounting. It's the "science" of determining the expense of producing a product or service.
Pricing = Marketing. Marketing is what consumers experience.