piece rate

  

Definition


Use piece rate in a sentence

  • You need to try and have the highest piece rate you can so that your profit per sale can be as high as it can.

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  • The company was able to share the benefit of their savings with their workers due to the new piece rate policy.

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  • In leiu of an hourly wage, all full and part time employees are paid a piece rate of $1.00 for each unit assembled correctly.

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