Business & Growth

Average Order Value

The average sales amount assigned to an order under a stated reporting convention. Divide the chosen order-sales numerator by eligible orders, not customers. Discounts, refunds, shipping and taxes need explicit treatment. Different reporting products can define the numerator differently, so a label alone is not enough to reconcile two dashboards.

Reviewed

Sources

Member lesson

The definition and sources are public. The complete practical lesson is for members.

Compare membership plans ยท Already a member? Sign in

Explore all dictionary definitions