What is going rate?
going rate (plural going rates) (idiomatic) The current standard or usual price, rate, or salary for something. He did a terrible job, and then charged more than twice the going rate for it!Click to see full answer. Then, what is mean by going rate pricing?Going-Rate Pricing. Definition: The Going-Rate Pricing is a method adopted by…
going rate (plural going rates) (idiomatic) The current standard or usual price, rate, or salary for something. He did a terrible job, and then charged more than twice the going rate for it!Click to see full answer. Then, what is mean by going rate pricing?Going-Rate Pricing. Definition: The Going-Rate Pricing is a method adopted by the firms wherein the product is priced as per the rates prevailing in the market especially on par with the competitors.Also, what does the author mean by the term the going rate? Meaning of going rate in English the amount of money that something costs at the present time: Improve your vocabulary with English Vocabulary in Use from Cambridge. One may also ask, what is the market rate? The market rate (or “going rate”) for goods or services is the usual price charged for them in a free market. If demand goes up, manufacturers and laborers will tend to respond by increasing the price they require, thus setting a higher market rate.What are the odds meaning?The odds are the chances that something will happen. Anyone predicting the weather is telling the odds of rain or snow — they don’t know for sure. If something strange happens people often say, “What were the odds of that?”, which means: “I can’t believe that happened. The odds were against it.”
