babycat
12:04
Simple English definitions for legal terms
Read a random definition: Repossess
Definition: Average gross sales refer to the total amount of sales made in a specific period divided by the number of sales transactions.
Example: If a store made $10,000 in sales in a month and had 100 sales transactions, the average gross sales would be $100 per transaction.
This definition is important for businesses to track their sales performance and make informed decisions about pricing, inventory, and marketing strategies.