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

Blocking

Also called facing, zoning or fronting, a retail merchandizing concept where all products of the same

Hyper Market

A large retail store that integrates both a department store and a grocery supermarket within a

Kitting

A logistical technique involving the assembly and packaging of various related items together as a single