going-rate-pricing Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: going-rate-pricing
going-rate-pricing

establishing the price for a product or service based on prevalent market prices. This is most common with products that do not vary much from one supplier to another, like steel or fresh meat.

See also demand-oriented pricing
Copyright c 2000, 1994, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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