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.
Examples of principles are descriptive comprehensive and fundamental law, doctrine, or assumption, the normative rule or code of conduct, and the law or fact of nature underlying the working of an artificial device.