What is mean by line of colimation. ? What is the difference between price and cost?

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Line of colimation is an imaginary line connecting the crosshairs of a surveying instrument. Price is what you pay for a product, while cost includes all expenses associated with producing and selling the product.

Line of colimation is used in surveying to ensure accuracy in measurements
Price is the amount of money paid for a product or service
Cost includes all expenses associated with producing and selling the product, such as materials, labor, and overhead
For example, the price of a car may be $30,000, but the cost to produce and sell it may be $25,000
Understanding the difference between price and cost is important for businesses to ensure profitability

What is mean by line of colimation. ? What is the difference between price and cost?

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