Base Price

Base Price

Also referred to as non-promoted price, it is the average price of an item across all stores.

Market conditions, competition, and production costs constitute the base price.

Related Terms

Basket Size

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

Mass Merchandizer

Also refered to as mass market retailer, it is a retail business that sells a wide

Brand Refresh

When a brand improvises its existing image and communications while maintaining its core identity.