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

Purchase Frequency (PF)

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

Hyper Market

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

Baseline Sales

Amount of organic sales for a product in a marketplace without any marketing effort.