Basket Size

Basket Size

The amount that a customer spends in a retail store in single transaction.

Related Terms

Out of stock (OOS)

A situation occurs when a product that is supposed to be available for sale is completely

High-Low Pricing

A strategy where a company sets an initial high price for a product and later reduces

Prestige Pricing

A pricing strategy where products are priced at a premium to signal superior quality and status,