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

Gross Margin

The difference between the revenue generated from sales and the cost of goods sold, expressed as

Market Share

Represents the portion of an industry’s total sales that is accounted for by a specific company

Dollar Sales

Measures the total revenue generated from products sold at retail, calculated by multiplying the number of