BASING POINT
A particular place used in the basing point pricing system. For the most part, the area where the production of commodity or the manufacturing of a product takes place is called the basing point. When ready, the manufacturer will estimate the base price and a set shipping amount from that location, wherever the actual products are shipped from.
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A strategy used by certain direct sales companies in order to encourage their existing distributors to bring in new distributors by giving the exis ...
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Voluntary Reserve is a monetary reserve voluntarily held by insurance companies.
Thomas C. Schelling
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