productprice

ProductPrice is the monetary value assigned to a product or service in a given market and currency. It represents the amount a buyer is expected to pay and can vary by sales channel, region, and time. In practice, a price may be presented as several related figures, such as a base or list price, a sale or discounted price, and a unit price for per‑unit measurements.

Key elements commonly associated with ProductPrice include the amount, currency, price type, effective date range, and the context in which the price applies. Price types can include list price, selling price, wholesale price, promotional price, and bundled or tiered prices. Additional factors such as taxes, shipping charges, discounts, surcharges, and currency conversion may be applied in downstream calculations, depending on local regulations and business rules.

Price data is often modeled as price records linked to a product identifier, and may also be associated with a customer segment, sales channel, location, or price list. Dynamic pricing uses demand, competition, seasonality, and inventory levels to adjust ProductPrice over time, while static pricing relies on fixed values like MSRP or catalog prices.

In operations, ProductPrice supports catalog display, quoting, invoicing, and analytics. It is subject to regulatory requirements for price transparency in some jurisdictions and to internal policies such as minimum advertised price (MAP) and price integrity standards.