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?

Business

Scenario:

We've added a new range of high-ticket products to our store. This could potentially increase our sales.

Response:

Great! Higher-ticket items usually mean higher commissions. What's the commission rate on these new products?