term management revenue what is
Meaning of Retail Revenue Management. What is it: prices are determined on the basis of consumer.

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Definition Retail Revenue Management

RETAIL REVENUE MANAGEMENT title: Retail Revenue Management (IS-R) (SAP Library - Glossary)
RETAIL REVENUE MANAGEMENT category: Retail (IS-R)
RETAIL REVENUE MANAGEMENT explained:

A method for establishing sales prices in retail.

Sales prices are determined on the basis of consumer behavior with the aim of optimizing revenue. Consumer behavior is expressed by price elasticities for individual articles and between different articles, which are determined by analyzing historical sales data. Similar revenue optimization methods are also used for determining promotion sales prices and markdowns.

Due to its mathematical complexity, special programs have been developed for Retail Revenue Management called Retail Revenue Management systems.

More terms such as Retail Revenue Management in Dictionary R.

Manual Restitution (SD-FT):
Help agricultural produce to third countries, the European Community (EC) reimburses farmers for the difference between the high EC sales price and the low world market price. This customs restitution retail revenue management definition.
Manual Reconciliation Ledger:
Help summarized display of values that appear in more detailed form in the transaction data. The reconciliation ledger has the following functions: Reconciles Controlling with Financial Accounting The retail revenue management explain.
Manual Resulting Item Category:
Help of class items for updating BOMs. Depending on the object linked to the class type, you can enter item data that is relevant to the objects allocated to the class. Example If the class type is linked retail revenue management what is.
Manual Rating (MDM):
Help Property used to classify values of a numeric attribute. Numeric attribute values can be assigned the following five ratings: Nominal Minimum Maximum Average Typical retail revenue management meaning.
Manual Reversal (FI):
Help A reversal of a posting by entering an identical amount to the opposite side of the account, thereby offsetting the original amount retail revenue management abbreviation.
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