Big ticket item
Encyclopedia
Big ticket item refers to retail goods that have a high selling price
in comparison to other items sold in the same store, and that have high profit
potential associated with them.
It can also refer to niche stores that sell products at a higher price than general retail (i.e. an electronics outlet sells big ticket items).
Price
-Definition:In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.In modern economies, prices are generally expressed in units of some form of currency...
in comparison to other items sold in the same store, and that have high profit
Profit (economics)
In economics, the term profit has two related but distinct meanings. Normal profit represents the total opportunity costs of a venture to an entrepreneur or investor, whilst economic profit In economics, the term profit has two related but distinct meanings. Normal profit represents the total...
potential associated with them.
It can also refer to niche stores that sell products at a higher price than general retail (i.e. an electronics outlet sells big ticket items).