What Is Price Benchmarking?
The base price is a standard, the most basic price of a product in an industry. The prices of other products are converted according to a certain formula.
Base price
Right!
- Chinese name
- Base price
- Foreign name
- Basis price
- Definition
- The basic price of a product in an industry
- Function
- The price of other products is converted according to a certain formula
- The base price is a standard, the most basic price of a product in an industry. The prices of other products are converted according to a certain formula.
- The benchmark land price is the average price of land use rights assessed by the government on land or homogeneous areas at all levels in cities and towns, as well as commercial, residential, and industrial land use types. The statutory maximum transfer period of land for each use shall be evaluated by the government organization or commission. The evaluation results shall be approved by the government.