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Meaning / Definition of

Average Ticket

Categories: Credit and Debt, Brokerages,

1. credit card vendors: method of computing average size of sales by credit card. 2. broker/dealers: average cost or trade by each customer. Calculation of the average ticket, whether it is used for credit card vendors or broker/dealer commissions is by calculating the total amount of sales over a specific period of time, and then dividing by the time period.

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Categories: Insurance, Personnel Management, Statistics and Risk Management, Business and Management,

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