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:
“The word “obligation” is very seldom in my thoughts, and consequently very seldom is it uttered by my tongue. For I am satisfied that whoever hath the word “obligation” continually in his mouth hath the love of tyranny steadily fixed in his heart.”
—Sarah Fielding (1710–1768)
“To me a book is a message from the gods to mankind; or, if not, should never be published at all.... A message from the gods should be delivered at once. It is damnably blasphemous to talk about the autumn season and so on. How dare the author or publisher demand a price for doing his duty, the highest and most honourable to which a man can be called?”
—Aleister Crowley (1875–1947)