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Simple English definitions for legal terms

base-point pricing

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A quick definition of base-point pricing:

Base-point pricing is a way of setting prices for products that includes the cost of shipping from a specific location to the buyer's location. This location is called the "base point." The price at the factory is added to the cost of shipping to determine the final price. The base point can be the same for all customers or a specific location, like a factory closest to the buyer. This pricing method assumes that the cost of transportation is the same for all locations.

A more thorough explanation:

Definition: Base-point pricing is a method of pricing that includes the cost of shipping from a set location to the buyer's location. The price at the factory is added to the freight charges, which are calculated based on the chosen shipping base point. This base point can be the same for all customers or a specific location, such as a manufacturing plant nearest to the buyer. It is a uniform pricing policy that presumes the cost of transportation to all locations is the same.

Example 1: A company sells its products using base-point pricing. The factory price of the product is $100, and the chosen shipping base point is $10. If a customer orders the product from a location that is 500 miles away from the base point, the freight charges will be calculated as the cost of shipping from the base point to the customer's location, which is $2 per mile. Therefore, the total price of the product for the customer will be $100 + ($10 + (500 x $2)) = $1110.

Example 2: A furniture manufacturer uses base-point pricing to sell its products. The factory price of a sofa is $500, and the chosen shipping base point is the manufacturing plant nearest to the buyer. If a customer orders the sofa from a location that is 100 miles away from the plant, the freight charges will be calculated as the cost of shipping from the plant to the customer's location, which is $1 per mile. Therefore, the total price of the sofa for the customer will be $500 + ($100) = $600.

These examples illustrate how base-point pricing works. The cost of shipping is added to the factory price of the product to determine the total price for the customer. The chosen shipping base point affects the freight charges, which can vary depending on the distance between the base point and the customer's location.

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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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