Hazardous Weather Outlook; Local Climatology; Mid-South Observations; More Current Weather
Business Jargons A Business Encyclopedia. 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.
Price gouging. Price gouging Definition. The term price gouging refers to the phenomenon of sharply rising prices of items in (often temporary) high demand. It is semantically loaded with negative connotations against the merchants involved. However, according to Thomas Sowell's book, Basic Economics, high prices can instead be viewed as information for use in determining the best allocation of scarce resources for which there are multiple uses.