GOING RATE Definition

GOING RATE is an expression that means the cost of the average of suppliers of like products or services. The connotation is that the cost will be "no more expensive than the competition."

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OBSERVE / OBSERVATION is to watch and test a client action, e.g., taking inventory.

RFID is Radio Frequency Identification Tag. An RFID is attached to and identifies a thing such as an item in inventory, a case of items, a pallet of cases, a car passing through a reader on a toll way, or a person passing through a doorway.  It is like a UPC (universal product code) on items in a store, but can be scanned from a longer distance.  A transceiver sends an activating signal and receives identification information.  An active RFID tag has an internal battery and has a longer range than a passive tag which is powered by the radio signal it receives.

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