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

Dollar

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

Incremental Sales

Refers to the additional units of a product sold to retailers or consumers directly attributed to

Lifestage

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