Flat Rate

Flat rate is a pricing scheme whereby the customer pays a fixed price for a service regardless of how long the worker takes to carry out the service. Flat rate manuals are based on timed studies of the typical time taken for each type of service. Flat rate helps provide a uniform pricing menu for service work and helps establish the worth of the performance of a particular job.

The benefit to the customer is that if a worker takes longer than this, the cost does not rise.

The benefit to the worker is that it incentivises the worker to learn how to do the work more efficiently.

It can be difficult to compare prices between hourly-paid and flat-rate services, and this sometimes causes rejection of flat rate shops over hourly ones.

However, many shops do not use flat rate manuals and instead set their prices by evaluating what they believe the market will bear.

Other articles related to "flat, flat rate, rates, flat rates":

USPS (disambiguation) - Service Level Choices - International Services
... Priority Mail International Flat-Rate packaging in various sizes was introduced, with the same conditions of service previously used for Global Priority ... that tracking is not available for Priority Mail International Flat Rate Envelopes or Priority Mail International Small Flat Rate Boxes) ... Military mail is billed at domestic rates when being sent from the United States to a military outpost, and is free when sent by deployed military personnel ...
Flat Rate (finance) - Problems With Flat Rate Lending
... Flat interest rates represent a significant problem for financial sector development for the following reasons They deter pre-payments by borrowers Borrowers have ... loan along with the whole year's interest, reckoned on a flat rate system." They offer convenient level of disclosure for the lender (but not for the borrower) Flat interest ... In such places loans quoted using declining balance rates may be rejected by borrowers, who mistakenly believe that flat rates are cheaper ...
Transport In Beijing - Urban Public Transportation - City Bus & Trolleybus - Lines & Fares
... ¥1.00 flat rate ¥0.40 flat rate 200–215 Night buses serving the urban core ... ¥1.00 flat rate ¥0.40 flat rate 300–499 Bus routes that extend beyond the Third Ring Road to inner suburbs ...

Famous quotes containing the words rate and/or flat:

    If I die prematurely at any rate I shall be saved from being bored to death at my own success.
    Samuel Butler (1835–1902)

    But pardon, gentles all,
    The flat unraised spirits that hath dared
    On this unworthy scaffold to bring forth
    So great an object.
    William Shakespeare (1564–1616)