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

Dollar

Refers to a retail outlet that specializes in selling a wide range of general merchandise and

Purchase Frequency (PF)

Refers to the rate at which customers make purchases within a specific timeframe. It offers businesses

Basket Size

The amount that a customer spends in a retail store in single transaction.