Glossary
Bracket Price
Tags: Glossary
The price of a product or service that falls within a specific range or bracket.
What is the Bracket Price?
In shipping, a bracket price is a pricing strategy that involves offering different pricing tiers or levels based on the quantity of goods being shipped. Typically, the price per unit decreases as the quantity of goods being shipped increases.
For example, a shipping company may offer a bracket price of $5 per unit for shipments of 1000 units or more, but a price of $7 per unit for shipments of less than 1000 units. This pricing strategy encourages customers to place larger orders in order to take advantage of the lower per-unit price.
Bracket pricing is commonly used in the shipping industry to incentivize customers to ship larger quantities of goods, as it can be more cost-effective for both the customer and the shipping company
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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.
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