This refers to a percentage that indicates the change in price or a group of prices, known as a "basket," over a specific period such as a month, quarter, or year, relative to the price of a particular year.
This is known as a variable that provides insight into the changes in prices of goods or services over a particular period of time, enabling comparisons across different periods. Experts recommend achieving growth while maintaining controlled inflation.
The Sales Glossary is a compendium of all the most commonly used terminology in sales strategy. Many of the concepts listed here are used when implementing a CRM system or a digital sales funnel, no matter if they are legacy systems or an online CRM. See also our blog that deals with sales techniques, marketing and sales culture.