fixed price
fixed price
fixed price
English Definitions:
Fixed price
The term fixed price is a phrase used to mean the price of a good or a service is not subject to bargaining. The term commonly indicates that an external agent, such as a merchant or the government, has set a price level, which may not be changed for individual sales. In the case of governments, this may be due to price controls. Bargaining is very common in many parts of the world, outside of retail stores in Europe or North America or Japan, this makes this an exception from the general norm of pricing in these areas.
Fixed price
A fixed price is a price set for a good or a service that is not subject to bargaining. The price may be fixed because the seller has set it, or because the price is regulated by the authorities under price controls. Bargaining is very common in many parts of the world, but not in most retail stores in Europe, North America, and Japan. Elsewhere, fixed prices tend to be an exception from the norm.
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"fixed price." Kamus.net. STANDS4 LLC, 2024. Web. 23 Oct. 2024. <https://www.kamus.net/english/fixed+price>.
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