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.
Principles are the glue that holds them all together in one coherent direction, that explains how they work and deepens our understanding of them. Technique is the bridge to transcendence and the path to intuition. Balancing both the intuitive with the specific, faith with fact, technique with principle, is the key to excellence.