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

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components

Club

Also called a warehouse club, it is a membership-based retail outlet offering a wide selection of

Forecast Accuracy

Forecast accuracy refers to the degree to which a forecast aligns with actual sales data, indicating