for a complete understanding of a price in any particular transaction, much more than the amount of money involved must be known. both the buyer and the seller should be familiar with not only the money amount, but with the amount and quality of the product or service to be exchanged, the time and place at which the exchange will take place and payment will be made, the form of money to be used, the credit terms and discounts that apply to the transaction, guarantees on the product or service, delivery terms, return privileges, and other factors. in other words, both buyer and seller should be fully aware of all the factors that comprise the total package being exchanged for the asked-for amount of money in order that they may evaluate a given price.
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