Club

Club

Also called a warehouse club, it is a membership-based retail outlet offering a wide selection of bulk-sized grocery products, and general merchandise at reduced prices in a no-frills, warehouse-like setting.

Customers can fulfill most of their weekly shopping needs in one visit, benefiting from the economies of scale.

Related Terms

Incremental Revenue

Represents the additional profit generated by a business as a result of increased sales volume. It

Kitting

A logistical technique involving the assembly and packaging of various related items together as a single