Supermarkets

Supermarkets

Terms that are in relation to the biggest kind of retail store.

Industry: Retail

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Supermarkets

Base price

Retail; Supermarkets

A price calculated by taking a product's suggested retail price and subtracting a percentage.

Broken case price (BCP)

Retail; Supermarkets

A price calculated by adding the cost of a product to the cost of labour to repack the product. See split case.

Sales representative's premium

Retail; Supermarkets

A premium or prize given to a manufacturer's or wholesaler's marketing person for achieving benchmark sales.

A predetermined amount, deducted from the face of an invoice, earned for prompt payment. A sales promotion feature that is a markdown from the regular price for a limited time. A percentage deducted ...

Opportunity cost of capital

Retail; Supermarkets

A possible rate of return on the next best use of dollars invested by a company.

Honour system

Retail; Supermarkets

A practise of receiving merchandise without systematically counting the product or checking the contents of cases, but rather trusting that the vendor and shipper have complied with the order. Spot ...