fixed price
(redirected from Fixed Prices)Fixed Price
1. See: Offering price.
2. A price that is not subject to negotiation. The fixed price may be set by a government, or may indicate that the seller has no interest to lower the price for any reason. One must either pay the fixed price or not buy the product. Many products must specify whether or not they have fixed prices because price negotiation is common in many parts of the world. For example, if Wal-Mart sells milk for $3 per gallon, milk is offered on a fixed price basis because the customer cannot make a counter-offer for $2.50. One either buys the milk at $3 or does not.
2. A price that is not subject to negotiation. The fixed price may be set by a government, or may indicate that the seller has no interest to lower the price for any reason. One must either pay the fixed price or not buy the product. Many products must specify whether or not they have fixed prices because price negotiation is common in many parts of the world. For example, if Wal-Mart sells milk for $3 per gallon, milk is offered on a fixed price basis because the customer cannot make a counter-offer for $2.50. One either buys the milk at $3 or does not.
fixed price
See offering price.