5 ms·
Cost and price are the same thing. Maybe you mean cost/price and worth/value?
by JupiterMoon 11y ago
Cost and price are the same thing. Maybe you mean cost/price and worth/value?
- cjhveal 11y agoPrice is the amount the consumer pays, while cost is the price the business pays. It may cost me $5 to produce a product, which I could then sell at a price of $7, for a profit of $2.
- willvarfar 11y agoIsn't the definition of "profit" literally the difference between cost and price? http://www.investopedia.com/ask/answers/101314/what-difference-between-cost-and-price.asp http://www.investopedia.com/ask/answers/101314/what-differen... My point is the BoM of self-driving sensors and cpus for a car is not actually that great. The new Teslas and Volvos don't have fancy lidar scanners like the Google cars have. The other day I was passenger in a automatic-breaking-at-intersections Volvo. We did not put that to the test. But its 'just' higher-precision parking sensors that are cheap and ubiquitous now.