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.
Read more about Fixed Price: Fixed-price Contract
Famous quotes containing the words fixed and/or price:
“But see, the Virgin blest
Hath laid her Babe to rest:
Time is our tedious song should here have ending;
Heaven’s youngest teemed star,
Hath fixed her polished car,
Her sleeping Lord with handmaid lamp attending;
And all about the courtly stable,
Bright-harnessed angels sit in order serviceable.”
—John Milton (1608–1674)
“... work is only part of a man’s life; play, family, church, individual and group contacts, educational opportunities, the intelligent exercise of citizenship, all play a part in a well-rounded life. Workers are men and women with potentialities for mental and spiritual development as well as for physical health. We are paying the price today of having too long sidestepped all that this means to the mental, moral, and spiritual health of our nation.”
—Mary Barnett Gilson (1877–?)