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average price

Q. What’s your retail price? A. It depends!

May 13, 2014 By Robin Simon 6 Comments

According to the dictionary, the price of something is “the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale.” Pricing is one of the “4 Ps” of marketing that we learned about in school (along with Product, Placement/Distribution and Promotion) and is often a key driver […]

Filed Under: Know Your Measures: Pricing and Promotion Tagged With: average price, base price, everyday price, promoted price, retail price, sale price

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About CPG Data Tip Sheet

The CPG Data Tip Sheet is published by Kevin Lehmann and Goods Group. It was founded in 2012 by Sally Martin and Robin Simon, two consultants who met in business school over a shared interest in the geeky side of marketing and went on to build independent practices of their own. Over more than a decade they turned hard-won experience into plain-English explanations of how CPG data actually works and how to analyze it.

Robin and Sally built this into something the CPG and consumer industry trusts. It continues in that spirit.

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ACV analysis examples analytic skills attributes average items base base weighted weeks career development category management channels characteristics coronavirus coverage factor covid-19 Database distribution due-to Excel tips Facts incremental markets Measures merchandising new items panel data periods pricing pricing strategy products promoted price quantify opportunity retailer direct data retailer markets shopper data store data Syndicated TDP the basics trade promotion trading areas velocity visualization visualizations volume bridge volume decomposition

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Categories

  • Glossary (80)
  • How To Answer Business Questions (43)
  • How To Communicate Insights (19)
  • How To Get Started with Nielsen/IRI (22)
  • How To Understand Your Database (13)
  • Know Your Measures: Distribution (25)
  • Know Your Measures: Pricing and Promotion (45)
  • Know Your Measures: Sales (21)
  • Miscellaneous (6)
  • Uncategorized (1)

Search CPG Data Tip Sheet

Tags

ACV analysis examples analytic skills attributes average items base base weighted weeks career development category management channels characteristics coronavirus coverage factor covid-19 Database distribution due-to Excel tips Facts incremental markets Measures merchandising new items panel data periods pricing pricing strategy products promoted price quantify opportunity retailer direct data retailer markets shopper data store data Syndicated TDP the basics trade promotion trading areas velocity visualization visualizations volume bridge volume decomposition

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