Purchase Price of Product or Service Replaced (PI1997)

Indicates the average price paid in the local market by clients for a product/service that is similar to the product/service sold by the organization.

  • Reporting Format Decimal
  • Metric Type Metric
  • Metric Level Product/Service, Organization
  • IRIS Metric Citation IRIS, 2021. Purchase Price of Product or Service Replaced (PI1997). v5.2.
Footnote

Organizations should footnote all assumptions used, including how the similar, local product/service and price were selected.