What's the difference between costing and price?

Costing


Definition:

  • (p. pr. & vb. n.) of Cost

Example Sentences:

  • (1) Simplicity, high capacity, low cost and label stability, combined with relatively high clinical sensitivity make the method suitable for cost effective screening of large numbers of samples.
  • (2) An effective graft-surveillance protocol needs to be applicable to all patients; practical in terms of time, effort, and cost; reliable; and able to detect, grade, and assess progression of lesions.
  • (3) In the bars of Antwerp and the cafes of Bruges, the talk is less of Christmas markets and hot chocolate than of the rising cost of financing a national debt which stands at 100% of annual national income.
  • (4) Issues such as healthcare and the NHS, food banks, energy and the general cost of living were conspicuous by their absence.
  • (5) In choosing between various scanning techniques the factors to be considered include availability, cost, the type of equipment, the expertise of the medical and technical staff, and the inherent capabilities of the system.
  • (6) In documents due to be published by the bank, it will signal a need to shed costs from a business that employs 10,000 people as it scrambles to return to profit.
  • (7) This study examines the costs of screening patients for alcohol problems.
  • (8) A recent visit by a member of Iraq's government from Baghdad to Basra and back cost about $12,000 (£7,800), the cable claimed.
  • (9) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (10) There was a 35% decrease in the number of patients seeking emergency treatment and one study put the savings in economic and social costs at just under £7m a year .
  • (11) Environment groups Environment groups that have strongly backed low-carbon power have barely wavered in their opposition to nuclear in the last decade, although their arguments now are now much about the cost than the danger it might pose.
  • (12) From the social economic point of view nosocomial infections represent a very important cost factor, which could be reduced to great deal by activities for prevention of nosocomial infection.
  • (13) The stepped approach is cost-effective and provides an objective basis for decisions and priority setting.
  • (14) Failure to develop an adequate resource will be costly in the long run.
  • (15) The method is implemented with a digital non-causal (zero-phase shift) filter, based on the convolution with a finite impulse response, to make the computation time compatible with the use of low-cost microcomputers.
  • (16) Cost-effective immunoassays for the detection of amphetamines, benzodiazepines, and methadone in urine have been developed using Syva EMIT reagents and a Cobas Bio centrifugal analyser.
  • (17) Total costs of building the three missile destroyers in Australia will amount to more than $9bn, approximately three times the cost of buying the ships ready made from Spanish company Navantia, The Australian reported on Friday .
  • (18) For the non-emergency admissions, the low-load physicians' patients had an average LOS that was 56.2% greater and an average hospital cost that was 58.3% greater than were the LOS and cost of the patients of the high-load physicians.
  • (19) The aim of this paper is to demonstrate that the problems which arise from simultaneously developing regulatory and competitive approaches to health care cost containment can be solved, if recognized, and that those problems deserve more systematic investigation than they have so far received.
  • (20) But that gross margin only includes the cost of paying drivers as a cost of revenue, classifying everything else, such as operations, R&D, and sales and marketing, as “operating expenses”.

Price


Definition:

  • (n. & v.) The sum or amount of money at which a thing is valued, or the value which a seller sets on his goods in market; that for which something is bought or sold, or offered for sale; equivalent in money or other means of exchange; current value or rate paid or demanded in market or in barter; cost.
  • (n. & v.) Value; estimation; excellence; worth.
  • (n. & v.) Reward; recompense; as, the price of industry.
  • (v. t.) To pay the price of.
  • (v. t.) To set a price on; to value. See Prize.
  • (v. t.) To ask the price of; as, to price eggs.

Example Sentences:

  • (1) But when he speaks, the crowds who have come together to make a stand against government corruption and soaring fuel prices cheer wildly.
  • (2) Senator Bernie Sanders of Vermont, who is also seeking the Democratic presidential nomination, recently proposed a bill that would ease the financial burden of prescription drugs on elderly Americans by allowing Medicare, the national social health insurance program, to negotiate with the pharmaceutical companies to keep prices down.
  • (3) McDonald said cutting better deals with suppliers and improving efficiency as well as raising some prices had only partly offset the impact of sterling’s fall against the dollar.
  • (4) A tiny studio flat that has become a symbol of London's soaring property prices is to be investigated by planning, environmental health and fire safety authorities after the Guardian revealed details of its shoebox-like proportions.
  • (5) Obamacare price hikes show that now is the time to be bold | Celine Gounder Read more No longer able to keep patients off their plans outright, insurers have resorted to other ways to discriminate and avoid paying for necessary treatments.
  • (6) He said: "Monetary policy affects the exchange rate – which in turn can offset or reinforce our exposure to rising import prices.
  • (7) And, as elsewhere in this epidemic, those on the frontline paid the highest price: four of the seven fatalities were health workers, including Adadevoh.
  • (8) "If you look at the price HP paid, it was an excellent deal for the Autonomy shareholders.
  • (9) An unexpected result of the Greek crisis has been a flight of capital into British government bonds, which has seen gilt prices fall.
  • (10) Aldi, Lidl and Morrisons are to raise the price they pay their suppliers for milk, bowing to growing pressure from dairy farmers who say the industry is in crisis.
  • (11) But the condition of edifices such as B30 and B38 - and all the other "legacy" structures built at Sellafield decades ago - suggest Britain might end up paying a heavy price for this new commitment to nuclear energy.
  • (12) George Osborne said the 146,000 fall in joblessness marked "another step on the road to full employment" but Labour and the Trades Union Congress (TUC) seized on news that earnings were failing to keep pace with prices.
  • (13) They could go out and trade for a pitcher such as the New York Mets’ Bartolo Colón , an obvious choice despite his 41 years, but he would come with an $11m price tag for next season and have to pass through the waiver wires process first – considering the wily mood Billy Beane is in this year, the A’s could be the team that blocks such a move.
  • (14) At 9.30am, ITV was at 69.2p, up 1.7% on last night's closing price.
  • (15) Photograph: Christopher Thomond for the Guardian I don’t know how much my parents paid for their home but in 1955 the average house price for the whole country was £1,891.
  • (16) Supermarkets are slashing the price of cauliflower because a relatively warm start to the year has produced a glut of florets.
  • (17) To settle the case, Apple and the four publishers offered a range of commitments to the commission that will include the termination of current agency agreements, and, for two years, giving ebook retailers the freedom to set their own prices for ebooks.
  • (18) Large price cuts seem to have taken a toll on retailer profitability, while not necessarily increasing sales substantially,” Barclaycard concluded.
  • (19) In Europe, for example, the basket of goods tested has fallen 18% in Greece (Corfu) to £57.50, making prices a third cheaper than Italy (Sorrento) at £87.06, the most expensive of six eurozone destinations surveyed.
  • (20) The UN estimates that at least 10 million people in east Africa will be in need of humanitarian assistance as a result of severe food shortages, failed harvest, rising food prices and conflict in the region.