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

Average Price

Weighted average of actual price and promoted price for an item. It does not take into

Kitting

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