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

Heavy Buyers

Consumers who consistently spend significantly more than average within a specific product category, making them a

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components