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

Purchase Frequency (PF)

Refers to the rate at which customers make purchases within a specific timeframe. It offers businesses

Merchandising

It includes the comprehensive strategies and practices retailers employ to promote and sell products to customers

Dollar Sales

Measures the total revenue generated from products sold at retail, calculated by multiplying the number of