Keyword Analysis & Research: usage rate

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What does usage rate mean?

Usage rate. Definition. Usage rate is a measure of the demand for a product per unit of time (e.g., units per month, etc.).

How do you calculate utilization percentage?

The second way to calculate the utilization rate is to take the number of billable hours and divide by a fixed number of hours per week. For example, if 32 hours of billable time are recorded in a fixed 40-hour week, the utilization rate would then be 32 / 40 = 80%.

What are time of use rates?

Time-of-use is a rate plan in which rates vary according to the time of day, season, and day type (weekday or weekend/holiday). Higher rates are charged during the peak demand hours and lower rates during off-peak (low) demand hours. Rates are also typically higher in summer months than in winter months.

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