Basket Purchase

Basket Purchase

The purchase of a large number of assets, as opposed to a single asset. For example, a company may buy 1,000 widgets instead of one widget at a time. Retailers commonly make basket purchases to manage their inventory. A basket purchase is also called a lump-sum purchase.
References in periodicals archive ?
When we can tie a highly consumable product to a higher-ring, higher-margin product and increase that basket purchase, the retailer wins.
Against this backdrop, a basket purchase of nonresidential real property that contains open-air or prefabricated structures can pose a number of thorny cost recovery issues.
An increase in advertising would have introduced an additional variable, not considered in the analysis, making it impossible to attribute the larger basket purchase to the contest alone.
And if a basket purchase pushes prices upward, the buyer will have to pay more.
The NACDS study indicated that the average drug store nonpharmacy market basket purchase totals $19.
Table 1: Average Basket Purchase per Customer Contest prize $0 $25 $100 (n=44) (n=49) (n=64) Mean $10.
Off-shelf clip strips or TPRs [temporary price reductions] that help drive point-of-purchase awareness generate visibility and market basket purchases for the retailer are important," she says.