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

Prestige Pricing

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

Market Share

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