ELI5: Explain Like I'm 5

Rate card

Imagine you have a lemonade stand and your mom tells you how much to charge for each cup. This is like a rate card but for businesses. It is a list of prices for different things a business might offer like advertising or website design. Just like how you charge different prices for different sizes of lemonade cups, businesses might charge different prices for different levels of service. These prices show how much the business thinks their time and resources are worth. When other businesses want to work with them, they can look at the rate card to decide if they are willing to pay that much for the service. It helps keep everything fair and organized.
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