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

Customer Loyalty

Emerges when customers consistently favor a brand over its competitors, leading to repeat purchases and a

High-Low Pricing

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

Blocking

Also called facing, zoning or fronting, a retail merchandizing concept where all products of the same