What is the transparency of the price?

The transparency of the price occurs when all parties involved in the transaction know prices for the products bought and sold. Historically large secrecy often surrounded the prices and many initiatives at the end of the 20th century tried to fight against this by making information about prices more accessible. When price transparency works well, it benefits dealers and buyers who protect people from an unfair or dubious price and help the buyer understand how prices work and the actual value of the things they buy. The transparency of the price also includes knowledge of the availability of the product, as this can affect the value and location of the product, which can also affect the total price. Using price transparency, buyers can compare the options offered by several retailers and pick up the sellers with the best price, location and availability. Likewise, sellers can keep the market, be aware of the level of running and find out how their competitors will determine their products. Classically, the justification of pharmaceutical prices covered and consumedEbitel and insurance companies may have imperfect understanding to factors that affect prices. If the transparency of the price is required, the buyer may be able to negotiate a better product rate, which maintains low costs.

For buyers, price transparency is useful because it allows them to compare price options and see a clear standard of prices. The transparency of the price can also be used to look at things, such as the costs agreed at bulk rates, which can be useful for someone considering mass purchase and to monitor the availability of a particle commodity. Sellers can appreciate the ability to educate the buyers about prices, and at the same time allow the buyers to feel more confident about the value of the things they buy.

transparent prices can sometimes contribute to price increases. For example, companies that normally make steep discounts on bulk purchases may be discouraged from concerning that the transparency of prices will lead people, andwould complain about a lower negotiated rate at bulk prices. This means that buyers of mass products will not be able to effectively pass on savings. However, this practice in financial markets also prevents radical prices from maintaining the companies to their customers and to each other.