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

Mass Merchandizer

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

Base Price

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

Lifestage

Refers to one of the distinct phases within a retail business’s lifecycle, encompassing its birth, growth,