commission-rates

Vocabulary Word

Definition

If 'commission-rate' is mentioned, it's about the percentage of a sale that goes to the person who made the sale. It's a bit like a salesperson's reward for selling something.

Examples in Different Contexts

In financial services, 'commission rates' on products like mutual funds affect advisor earnings. A financial advisor might note, 'Our commission rates for mutual funds start at 1% of the investment amount.'

Practice Scenarios

Creative

Scenario:

We've been given exclusive rights to sell the new Picasso pieces. This is a tremendous chance for the gallery.

Response:

Indeed, selling Picasso's works is a huge opportunity. Could you elaborate on the commission rates for these pieces?

Tech

Scenario:

Our affiliate program is performing well. There's potential for our partners to increase earnings.

Response:

That sounds positive. Could you remind me of our current commission rates for affiliates?