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

Coupon

A document or digital code that grants the holder a discount or rebate on a purchase.

Cross Merchandising

Also known as secondary product placement, it is a retail strategy that places complementary products together

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction