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For example, if a customer buys a TV for $300, and it drops in price by $100, they can go back to the retailer to ask for a price adjustment and get the difference returned to them, often in cash. Retailers with price adjustment policies include Macy's, the Gap, and Staples. Price adjustment are not the same as return policies. With price ...
A Purchase Price Adjustment is not included as gross income under the U.S. tax code. [2] The adjustment between the parties is merely re-setting the amount of the purchase price. Additionally, the price adjustment has to exist between the seller and the buyer (no third parties can be involved). [3]
An equitable adjustment, in government contracting, is a contract adjustment pursuant to a changes clause, to compensate the contractor expense incurred due to actions of the Government or to compensate the Government for contract reductions. An equitable adjustment includes an allowance for profit; clauses that provide for adjustments ...
Quantity adjustment, a concept in economics related to changes in price and quantity; Price adjustment (retail), a retail policy also called price protection; Pricing, the process of determining what a company will receive in exchange for its product or service; Purchase price adjustment, the change in value of an asset between negotiation and ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
However, instead of price adjustment — or, more likely, simultaneously with price adjustment — quantities may adjust: a market surplus leads to a cut-back in the quantity supplied, while a shortage causes a cut-back in the quantity demanded. The "short side" of the market dominates, with limited quantity demanded constraining supply in the ...
No description. Template parameters [Edit template data] Parameter Description Type Status value 1 the value that will be formatted and displayed Example 1,000 Number required digits 2 sets the digit in which a value lower than one thousand must be rounded, defaulting to "2" (cents) if unspecified Number suggested The above documentation is transcluded from Template:Format price/doc. (edit ...
Perhaps the most nefarious use of the "price on application" term is as a mild low-ball technique. Even though no initial low price is given, the potential buyer might expect a reasonable price and proceed to enquire. The seller assumes a potential buyer is less likely to go elsewhere once the initial enquiry has been made. [1]