Also referred to as cost per unit or cost of sales, it involves the direct expenses a company incurs in manufacturing or purchasing the products it sells, including material and labor costs.
It excludes indirect costs related to selling and distribution expenses.
Refers to a retail outlet that specializes in selling a wide range of general merchandise and
A pricing strategy where products are priced at a premium to signal superior quality and status,
Forecast accuracy refers to the degree to which a forecast aligns with actual sales data, indicating
