Glossary
Glossary
Glossary
Average Order Value
Average Order Value
Definition
The average amount of money spent each time a customer places an order. It is calculated by dividing the total revenue by the number of orders. This metric helps businesses understand customer purchasing behavior and optimize their pricing and marketing strategies.
The average amount of money spent each time a customer places an order. It is calculated by dividing the total revenue by the number of orders. This metric helps businesses understand customer purchasing behavior and optimize their pricing and marketing strategies.
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