Definition of 'Big Ticket Item'
Big ticket items are high-value items, such as houses and cars, as well as expensive products such as appliances, home theater systems and furniture. In the context of retail stores, they may also refer to products with selling price and profit margins that are significantly higher than those of other items in the stores. In economics, big ticket items can also sometimes be called durable goods, which is a good that lasts a relatively long time and provides utility to the user.
|
