rate basis

Definition of "rate basis"
  1. A calculation method that determines a price using specific influencing elements such as weight, dimension, equipment type, or packaging
How to use "rate basis" in a sentence
  1. The shipping company established its pricing according to a rate basis that considered weight and package size.
  2. A rate basis considering both the equipment type and box dimensions results in more precise charging.
  3. They adjusted the rate basis to better reflect actual costs influenced by the weight of the package.

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