Default price reason codes
Price Management uses price reason codes as a way to define the cause for a price change. Price reason codes provide a way to track why price changes are made and to group price changes by their cause. For example, users can see all price changes made for a clearance sale or prices for items that have been discontinued.
Price Management is configured with default
price reason codes that are pre-defined in the application. These price reason codes cannot be
modified or deleted from the application. This table shows the default price reason codes in
Price Management:
| Price reason code | Definition |
|---|---|
| Clearance | Changing the price to a discounted sale price for an item to clear it from inventory. |
| Competitive | Changing the price of an item to reflect a competitive price strategy. |
| Discontinued | Changing the price of an item that is no longer available or is discontinued from the inventory |
| Everyday Value | Changing the price to a daily or short-term promotional price, which is communicated to the customer as a value. |
| Globally Set Price | Setting the price at the global level for all locations. |
| In Store Special | Changing the price temporarily for an in-store special sale, usually done at the store location level. |
| Market Sale | Changing the price temporarily to align with set promotion market cycles. |
| Rewards | A loyalty price for customers part of the membership program. |
| Regular | Setting the regular price for an item. |
| Special Sale | Changing the price to a special sale or promotion price. |