In general business, price analysis is the process of evaluating a proposed price independent of cost and profit. Price analysis began in 1939 when economist Andrew Court decided to analyze prices to better understand the environmental factors that influence this practice.
In corporate affairs, price assessment is the examination of a suggested price irrespective of cost and profit margin. Price analysis commenced in 1939 when economist Andrew Court initiated an investigation into prices to enhance understanding of the factors influencing this practice.