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

Generic Brand

A consumer product without a widely recognized name or logo, often lacking extensive advertising compared to

Category Buyer

The person is responsible for assisting the procurement manager and category team in implementing procurement and

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.