A price is the amount of money in a given currency that the shopper is expected to pay for an item. A product or SKU can have prices in multiple currencies. Prices are often subject to a variety of adjustments, including taxes, promotions, and sales.
Product and SKU prices are stored in price lists. In the case where both a product and a SKU of that product have a price defined in a price list, the SKU price takes precedence over the product price. There is at least one price list for each supported currency and catalog.