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

Product Variants

A specific version of a ‘master’ product that is differentiated by one or more attributes, such

Market Share

Represents the portion of an industry’s total sales that is accounted for by a specific company

Grocery

A retail establishment primarily focused on selling a broad assortment of food products, encompassing items such