Average Selling Price (ASP)

Average Selling Price (ASP)

The price at which a product is usually sold.

It is calculated for the product across distribution channels, category or even the market as a whole.

Related Terms

Brand Refresh

When a brand improvises its existing image and communications while maintaining its core identity.

Market Basket Analysis

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

Horizontal Merchandizing

A retail display technique where products are arranged in a left-to-right manner along a horizontal plane.