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

Brand Affinity

It is the level of positive association and emotional connection that consumers have with a particular

Cross Merchandising

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

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.