Term:
Basing point pricing
Definition:
Basing point pricing (also known as delivered pricing) refers to a system in which a buyer must pay a price for a product inclusive of freight costs that does not depend on the location of the seller.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
