Factory Price for Dummies
noun
What does Factory Price really mean?
Factory Price refers to the cost at which a product is sold directly from the manufacturer to the customer, without any additional markups or intermediaries. It is like buying directly from the source, eliminating any extra fees that might be added when purchasing from a middleman or a retailer. When you go to a store to buy something, you often pay more than what it actually costs to produce or make that item. But with factory prices, you get to pay the actual cost, without any extra charges.
For example, let's imagine you really love ice cream. If you buy ice cream from a store, they usually buy it from a company that makes ice cream, and then they charge you a little more when you purchase it. But if you were able to buy ice cream straight from the company that makes it, you wouldn't have to pay that extra amount. The price would be the same as what it costs the factory to make the ice cream in the first place - that is the factory price.
It's kind of like if you were buying a toy from a friend. Your friend made that toy and is selling it directly to you. They would probably ask you to pay a price that covers the cost of the materials and the time they spent making it. That price would be the factory price. And because you are buying it straight from your friend, there are no extra costs involved.
In conclusion, factory price means buying a product directly from the manufacturer or maker without any added costs from middlemen or retailers. You get to pay only what it actually costs to produce the item, without any extra fees. It's like a direct deal with the source, where you can get the product at its most affordable price.
For example, let's imagine you really love ice cream. If you buy ice cream from a store, they usually buy it from a company that makes ice cream, and then they charge you a little more when you purchase it. But if you were able to buy ice cream straight from the company that makes it, you wouldn't have to pay that extra amount. The price would be the same as what it costs the factory to make the ice cream in the first place - that is the factory price.
It's kind of like if you were buying a toy from a friend. Your friend made that toy and is selling it directly to you. They would probably ask you to pay a price that covers the cost of the materials and the time they spent making it. That price would be the factory price. And because you are buying it straight from your friend, there are no extra costs involved.
In conclusion, factory price means buying a product directly from the manufacturer or maker without any added costs from middlemen or retailers. You get to pay only what it actually costs to produce the item, without any extra fees. It's like a direct deal with the source, where you can get the product at its most affordable price.
Revised and Fact checked by Sophia Moore on 2023-11-05 20:10:52
Factory Price In a sentece
Learn how to use Factory Price inside a sentece
- When you go to the store and see a toy on sale for $5, that's the factory price! It means that it's the price the store paid to get the toy from the factory.
- If your mom or dad buy a shirt directly from the company that made it, they might get it for a really good price. That's because it's the factory price, and it's usually cheaper than buying it from a store.
- Let's say you want to buy a new smartphone. If you buy it from a store, it might be expensive. But if you buy it directly from the factory, you can get it for a much lower price. That's the factory price!
- Sometimes, big companies make a lot of things in their factories and they need to sell them quickly. So, they lower the price a lot and sell them directly to people. This is called selling things at the factory price.
- Imagine you want to buy a big bag of your favorite candy. If you buy it from a store, it might be expensive because they need to make a profit. But if you can buy it from the candy factory, it will be much cheaper because you are buying it at the factory price.
Factory Price Hypernyms
Words that are more generic than the original word.