What is Average Order Value
Average order value is a calculation for the amount spent each time an order has been placed within a given period of time.
Why is Average Order Value Important
Average order value is important for tracking revenue performance. An increase or decrease in average order value can have significant impact on revenue performance.
How to Calculate Average Order Value
Average order value is calculated by dividing the total value of transactions within a set time period, by the number of orders placed in the same time period
