Basket Size

Basket Size

The amount that a customer spends in a retail store in single transaction.

Related Terms

Frequent Buyer Program

A customer loyalty scheme designed to incentivize repeat purchases by offering rewards based on the accumulation

Product Variants

A specific version of a ‘master’ product that is differentiated by one or more attributes, such

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such