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Average Order Value (AOV)

Average Order Value (AOV)

An e-commerce metric that is calculated by dividing the total value of all orders over a period of time by the total number of orders over the same period.

Related Terms

Base Price

Also referred to as non-promoted price, it is the average price of an item across all

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components