Average Price

Average Price

Weighted average of actual price and promoted price for an item.

It does not take into account the package size of the product.

Related Terms

Brand Loyalty

Refers to a consumer’s consistent preference for purchasing the same brand over competing ones, driven by

Merchandising

It includes the comprehensive strategies and practices retailers employ to promote and sell products to customers

Forecast Accuracy

Forecast accuracy refers to the degree to which a forecast aligns with actual sales data, indicating