Average Price

Average Price

Weighted average of actual price and promoted price for an item.

It does not take into account the package size of the product.

Related Terms

Category Manager

The person is responsible for overseeing a specific category of products of a brand. They develop

Hyper Market

A large retail store that integrates both a department store and a grocery supermarket within a

Basket Size

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