- Unit price
- The price per standard measure (kg, litre, 100 g, per item). The only number that makes two different pack sizes directly comparable.
- Reference price
- The “was” figure a discount is measured against. In many jurisdictions it must be the lowest price charged in the previous 30 days.
- Markdown
- An in-store reduction applied to stock nearing its date or being cleared, usually via a printed sticker rather than the shelf label.
- Multibuy
- A conditional offer requiring a minimum quantity: 3 for 2, 2 for a fixed price, or a second item at half price.
- Loss leader
- A product sold at or below cost to bring shoppers into the store, on the assumption they will fill the rest of the basket at full margin.
- Shelf-talker
- The coloured card projecting from the shelf edge. Its job is to interrupt your scan; it is not proof of a genuine reduction.
- Best before
- A quality date. Food is usually safe and perfectly edible afterwards โ this is the date most markdowns are built around.
- Use by
- A safety date on highly perishable goods. Do not eat after it; freeze on or before the date instead if you bought it reduced.
- Own label / private label
- The retailer's own brand, typically 20โ40% below the branded equivalent and often produced in the same factory.
- Price lock
- A pledge to hold a set of everyday prices for a period. Useful for staples, but usually excludes the items that move the most.
- End cap
- The display at the end of an aisle. Prime paid-for space โ high visibility does not imply a lower price.
- Basket threshold
- A minimum spend needed to unlock a coupon or delivery discount. Frequently costs more to reach than the discount returns.