fixed prices
- Scope note
- Prices that are established for certain goods or services and cannot be negotiated. Examples are fixed prices for a certain meal on a restaurant menu, prices set at a bazaar where it is otherwise customary to haggle a lower price, or prices for a market commodity that are set rather than flutuating based on demand.
- Date of creation: 03-Feb-2025
Accepted term: 03-Feb-2025