All firms do have the power to fix a price ,but insteadof doing so,in a competitive market situation firms fix a price which is equal to the average price charged by all firms in an industry,ie,it collects all the prices firms with same product and compute the average.
Where competition is limited,going rate pricing may be applicable.Like - Banks, petrol, supermarkets, electrical goods.It is used where less competetion is required.
What is considered to be current keystone pricing rate
expected rate of return
Floor rate of interest that is used for pricing a loan i.e. the minimum lending rate fixed by the Bank based on their cost of funds. The final pricing of the loan is done by adding various premia and the profit margin.
Gross Margin Pricing
The EIBOR rate is the Emirates Interbank Offered Rate The rate is used by many, primarily by Investment and Retail banks, for example, pricing and structuring Interest Rate Derivative products
Spencer A. Tucker has written: 'Pricing for higher profit' -- subject(s): Pricing 'The complete machine-hour rate system for cost-estimating and pricing' -- subject(s): Cost accounting, Pricing 'Cost-estimating and pricing with machine-hour rates' -- subject(s): Cost accounting, Industrial Costs, Prices
As of May 2012, The going rate for silver is about $28.00 / oz.
The going rate for returning aluminum in mass can vary depending on the current market conditions, but typically ranges from $0.40 to $0.60 per pound. Prices may fluctuate based on factors such as demand, location, and purity of the aluminum. It's best to check with local recycling centers or scrap yards for the most up-to-date pricing.
1.exchange rate fluctuations 2.demand supply forecasting
Applying the standard or going rate
The simplest and oldest way to determine price is cost-plus pricing. It is popular because it takes few resources and it provides a consistent rate of return and full coverage of cost.