Universal Product Code (UPC)
Definition - What does Universal Product Code (UPC) mean?
The UPC standard is maintained and regulated by GS1, an international non-profit organization that maintains and develops standards for supply-and-demand chains across multiple industry sectors.
Techopedia explains Universal Product Code (UPC)
The UPC only identifies a specific item and contains no other information such as price or quantity. This is so the vendor or retail outlet can assign its own price to the item. What consumers see happening at the POS at retail stores during scanning is the system using the item's UPC to look up the local item database for the price, and is not actually the UPC giving the price.