COVER PRICE Meaning and
Definition
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Cover price refers to the fixed retail price at which a product, typically a book or a magazine, is sold to the public. It represents the amount that customers are expected to pay in order to acquire a copy of the publication in question. The cover price is prominently displayed on the front cover of the item, usually indicated by a printed label or sticker.
In the publishing industry, the cover price serves as the base price set by the publisher, which includes the production, manufacturing, and distribution costs, as well as a desired profit margin. It reflects the value and perceived quality of the publication, and plays a key role in determining the overall profitability of the printed material.
The cover price also serves as a reference point for retailers and wholesalers, who typically purchase copies of the publication at a discounted bulk rate from the publisher. These retailers then determine the final selling price to customers, often applying additional markups or discounts to the cover price based on factors such as competition, demand, and market conditions. The difference between the cover price and the wholesale price represents the retailer's profit margin.
Ultimately, the cover price is an important aspect of the business model within the publishing industry, as it directly affects the revenue generated by the sale of each copy and contributes to the financial viability of the publication.
Common Misspellings for COVER PRICE
- xover price
- vover price
- fover price
- dover price
- civer price
- ckver price
- clver price
- cpver price
- c0ver price
- c9ver price
- cocer price
- cober price
- coger price
- cofer price
- covwr price
- covsr price
- covdr price
- covrr price
- cov4r price
- cov3r price
Etymology of COVER PRICE
The term cover price is derived from the practice of printing the price of a publication on its cover. This practice became commonplace in the publishing industry in the late 19th and early 20th centuries. Before that, publishers often relied on selling their publications through a subscription model, where readers paid a fixed amount for a specific period. However, as publishing became more commercialized, publishers started to sell their publications individually to the general public. To indicate the price, it was common to print it on the cover of the publication, hence the term cover price.
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