Show more usage examples... You need to know what the wholesale price of any materials are so that you can figure out how much to charge for your product.
Fundamental norms, rules, or values that represent what is desirable and positive for a person, group, organization, or community, and help it in determining the rightfulness or wrongfulness of its actions. Principles are more basic than policy and objectives, and are meant to govern both. See also principle.
Definition of principle for Students. 1  1 : a general or basic truth on which other truths or theories can be based scientific principles. 2  2 : a rule of conduct based on beliefs of what is right and wrong. 3  3 : a law or fact of nature which makes possible the working of a machine or device the principle of magnetism.