What is Flat Rate Pricing?

When you go into a restaurant you look at a menu and see a flat rate price for a hamburger. That price includes all the labor, ingredients, overhead items, and profit for the restaurant.

 The vast majority of products and services sold in the USA are purchased at a flat rate price.

 For decades many repairs done at homes and businesses were done by contractors while using a time and material basis. With the advent of computers today, it is easy to estimate a repair price for a repair task in advance. A price book can then be assembled to show a customer a price for a repair job before the work is done. The price book works just like restaurant menu.