Base Price

Base Price

Also referred to as non-promoted price, it is the average price of an item across all stores.

Market conditions, competition, and production costs constitute the base price.

Related Terms

Hyper Market

A large retail store that integrates both a department store and a grocery supermarket within a

Gross Margin

The difference between the revenue generated from sales and the cost of goods sold, expressed as

Brand Affinity

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