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.
noun. 1  1A fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning. 2  2A general scientific theorem or law that has numerous special applications across a wide field. 3  3A fundamental source or basis of something.