Flat rate pricing is a pricing strategy where a single fixed fee is charged for a service or product, regardless of usage or time. This approach simplifies billing and makes it easier for customers to understand costs upfront. For example, a subscription service may offer a flat monthly fee for unlimited access to its content. This pricing model is commonly used in various industries, including telecommunications and utilities. It can benefit both businesses and consumers by providing predictable expenses and reducing the complexity of variable pricing structures. Overall, flat rate pricing enhances transparency and can improve customer satisfaction.