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

Hyper Market

A large retail store that integrates both a department store and a grocery supermarket within a

Brand Affinity

It is the level of positive association and emotional connection that consumers have with a particular

Category management

Involves grouping products into suitable categories and managing category performance. This involves inputs from both brand