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In its basic form, it is the equivalent of one day's common consumption items, like the local marketbasket of typical purchases that already underlies the Consumer Price Index.
Right now, Social Security is pegged to the C.P.I.-W, which tracks the typical purchases of a sample of urban wage and clerical workers, but does not include retirees.
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"Right now in Prague, a typical purchase is 4 to 6 percent," he said.
At the outset, think of the typical purchase journey as spanning three phases: early, middle, and late.
A typical purchase on the site is $300, but some customers shell out as much as $2,000 to decorate the entire room.
As described in government filings, a typical purchase worked this way: a customer called one of the organization's pagers, and Mr. Fernandez or another defendant returned the call, often using a cellular phone registered under a false name.
In a typical purchasing negotiation, the buyer has a target price she is aiming to meet, and she'll view any compromise away from her target as a loss.
In a survey of several thousand B2B customers conducted by our company, CEB, we found that B2B customers were nearly 60% of the way through a typical purchase before they reached out to a sales rep for input.
"We look at the customer buying behavior, and that's how we land on multiples — to get customers a little higher than their typical purchase rate," said Tom O'Boyle, executive vice president for merchandising and marketing at the Great Atlantic and Pacific Tea Company, which owns grocery stores including Pathmark, A.&P. and Food Emporium.
The typical purchase price is roughly the market rate plus 10%, suggests Ruse.
Whereas a typical purchase order costs Ford $150, the company estimates that a real-time order on the exchange will cost around $15.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com