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Price ceiling. A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the ...
Freight rate. A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service ...
Electricity. A "flat rate" (more accurately known as fixed rate) for electricity is a fixed price per unit ( kWh ), not a fixed price per month, and thus different from that for other services. An electric utility that charges a flat rate for electricity does not charge different rates based upon the demand that the customer places on the system.
Price gouging is the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. This commonly applies to price increases of basic necessities after natural disasters. The term can also be used to refer to profits ...
A flat rack container is a shipping container with two end walls, but without side walls and roof. Some flat racks can also be equipped with pillars. Flat rack containers are also available as stake containers with and without end walls. [1] There are flat racks in the standard sizes 20′ or 40′, and also in the dimensions of high cube ...
Dynamic pricing. Dynamic pricing, also referred to as surge pricing, demand pricing, or time-based pricing, and variable pricing is a revenue management pricing strategy in which businesses set flexible prices for products or services based on current market demands. It usually entails raising prices during periods of peak demand and lowering ...
Volumetric pricing is a pricing strategy frequently used by the public utilities (e.g., water and power tariffs) where the fixed costs of the service are recovered proportionally to the amount of use. For example, under this approach a per- kWh pricing of an electric utility includes a small share of the monthly fixed cost of the utility, fixed ...