Domain Workspace

Retail & E-commerce Standards

360-Degree View

Interactive rotating product view

360_View
3D Secure

Security protocol for online card transactions

3DS
A/B Testing

Comparing two versions to determine better performer

A_B_Test
Acquiring Bank

Bank processing card payments for merchants

Acquirer
Activity Based Costing

Method assigning costs based on activities

ABC
Ad Frequency

Average number of times user sees ad

Frequency
Ad Impressions

Number of times ad is displayed

Impressions
Ad Reach

Number of unique users seeing ad

Reach
Address Verification System

Security feature verifying billing address

AVS
Affiliate Marketing

Earning commission by promoting products

Affiliate
Annual Recurring Revenue

Value of recurring revenue normalized to one year

ARR
Application Programming Interface

Software intermediary allowing applications to communicate

API
Assortment Breadth

Number of different product categories

Breadth
Assortment Depth

Number of choices within product category

Depth
Augmented Reality

Technology overlaying digital content on real world

AR
Automatic Renewal

Subscription renewing without manual action

Auto_Renew
Average Order Value

Average amount spent per order

AOV
Average Revenue Per Paying User

Revenue from paying customers only

ARPPU
Average Revenue Per User

Revenue generated per user over period

ARPU
Average Selling Price

Average price at which product sells

ASP
Average Transaction Value

Average value of each transaction

ATV
Backorder

Order for unavailable product to be fulfilled later

Backorder
Bestselling Products

Most popular or purchased items

Bestseller
Bounce Rate

Percentage of visitors leaving without interaction

Bounce_Rate
Brand Awareness

Extent to which consumers recognize brand

Brand_Awareness
Brand Equity

Commercial value derived from brand perception

Brand_Equity
Breadcrumb Navigation

Trail showing user location on site

Breadcrumbs
Business to Business

Transactions between businesses

B2B
Business to Consumer

Transactions between business and individual consumers

B2C
Buy Now Pay Later

Payment option allowing deferred payment

BNPL
Buy One Get One

Promotional offer for free or discounted item

BOGO
Buy One Get One Free

Promotional offering free item with purchase

BOGOF
Call to Action

Prompt encouraging user to take action

CTA
Card Verification Value

Security code on payment card

CVV
Cart Abandonment

User leaving without completing purchase

Cart_Abandonment
Category Management

Treating product categories as business units

Category
Chargeback

Reversal of credit card transaction

Chargeback
Checkout Process

Steps to complete purchase

Checkout
Clearance Sale

Discounted sale to clear inventory

Clearance
Click-Through Rate

Ratio of clicks to impressions

CTR
Closeout Sale

Final sale of discontinued items

Closeout
Cohort Analysis

Analyzing behavior of customer groups over time

Cohort
Consumer to Business

Transactions where consumers sell to businesses

C2B
Consumer to Consumer

Transactions between individual consumers

C2C
Content Slider

Moving content panels

Slider
Conversion Rate

Percentage of visitors who complete desired action

CR
Conversion Rate Optimization

Process of increasing conversion percentage

CRO
Cooperative Advertising

Shared advertising costs between parties

Co_op
Cost Per Acquisition

Cost to acquire one customer

CPA
Cost Per Click

Amount paid for each click in advertising

CPC
Cost Per Engagement

Cost per user engagement with ad

CPE
Cost Per Install

Cost to acquire app installation

CPI
Cost Per Lead

Cost to acquire qualified lead

CPL
Cost Per Mille

Cost per thousand impressions

CPM
Cost Per Sale

Commission paid per completed sale

CPS
Cost Per Unique Visitor

Cost per unique visitor acquisition

CPUV
Cost Per View

Cost per video view

CPV
Cost of Goods Sold

Direct costs of producing goods sold

COGS
Cross-Docking

Unloading and immediately loading for delivery

Cross_Dock
Cross-Selling

Suggesting complementary products

Cross_Sell
Customer Acquisition Cost

Total cost of acquiring new customer

CAC
Customer Churn Rate

Percentage of customers who stop buying

Churn
Customer Effort Score

Measure of ease of customer experience

CES
Customer Lifetime Value

Predicted net profit from customer relationship

CLV
Customer Relationship Management

Technology for managing company interactions with customers

CRM
Customer Satisfaction Score

Measure of customer satisfaction with product or service

CSAT
Customer Segmentation

Dividing customers into groups with common characteristics

Segmentation
Dead Stock

Inventory unlikely to sell

Dead_Stock
Digital Asset Management

System for organizing and distributing digital media assets

DAM
Digital Wallet

Electronic payment method storing card information

Wallet
Direct to Consumer

Brand selling directly to consumers without intermediaries

D2C
Drip Campaign

Automated set of emails sent on schedule

Drip
Dropshipping

Fulfillment method where retailer doesn't stock inventory

Dropship
Dwell Time

Time customer spends in store or on site

Dwell_Time
Earnings Before Interest Taxes Depreciation Amortization

Measure of operating performance

EBITDA
Economic Order Quantity

Optimal order quantity minimizing costs

EOQ
Electronic Data Interchange

Computer-to-computer exchange of business documents

EDI
Electronic Point of Sale

Computerized system for processing sales transactions

EPOS
Email Deliverability

Ability to successfully deliver emails

Deliverability
Email Open Rate

Percentage of recipients opening email

Open_Rate
Email Service Provider

Company providing email marketing services

ESP
Enterprise Resource Planning

Integrated software managing business processes

ERP
European Article Number

International barcode standard for product identification

EAN
Exit Rate

Percentage leaving from specific page

Exit_Rate
Express Checkout

Faster checkout using saved information

Express_Checkout
Faceted Navigation

Filtering system for narrowing search results

Faceted
Favorites List

Collection of preferred items

Favorites
Fear of Missing Out

Anxiety about missing opportunities

FOMO
Fit Finder

Tool recommending product size

Fit_Finder
Flash Sale

Limited-time promotional sale

Flash_Sale
Foot Traffic

Number of people entering store

Footfall
Fourth Party Logistics

Company managing entire supply chain

4PL
Free Trial

Limited-time access to product or service

Trial
Freemium Model

Basic version free with paid premium features

Freemium
Frequently Bought Together

Products commonly purchased together

Frequently_Bought
Fulfillment by Amazon

Amazon service storing and shipping seller products

FBA
Fulfillment by Merchant

Seller handles own storage and shipping

FBM
Gamification

Using game mechanics to engage customers

Gamification
Generic Brand

Unbranded products sold at lower prices

Generic
Global Trade Item Number

Unique identifier for trade items developed by GS1

GTIN
Gross Margin

Gross profit as percentage of revenue

GM
Gross Margin Return on Investment

Inventory profitability metric

GMROI
Gross Merchandise Sales

Total sales value before deductions

GMS
Gross Merchandise Value

Total value of merchandise sold over period

GMV
Gross Profit

Revenue minus cost of goods sold

GP
Gross Revenue Retention

Revenue retained before expansion

GRR
Guest Checkout

Purchasing without creating account

Guest_Checkout
Hard Bounce

Email permanently undeliverable

Hard_Bounce
Hero Image

Large prominent banner image

Hero
Image Carousel

Rotating display of images

Carousel
Image Zoom

Enlarging product images for detail

Zoom
Influencer Marketing

Marketing using influential people

Influencer
Initial Markup

Difference between cost and original retail price

IMU
Installment Payment

Payment divided into scheduled portions

Installment
International Standard Book Number

Unique numeric commercial book identifier

ISBN
Inventory Management System

System tracking inventory levels and movements

IMS
Inventory Obsolescence

Inventory becoming outdated or unsellable

Obsolescence
Inventory Shrinkage

Loss of inventory from theft or damage

Shrinkage
Inventory Spoilage

Inventory loss from deterioration

Spoilage
Issuing Bank

Bank issuing payment cards to consumers

Issuer
Items Per Transaction

Alternative term for Units Per Transaction

IPT
Just in Time

Inventory strategy receiving goods only as needed

JIT
Kitting

Assembling individual items into ready-to-ship sets

Kitting
Landing Page

Standalone page designed for specific campaign

Landing_Page
Lead Nurturing

Process of developing relationships with leads

Nurture
Lifetime Value

Total revenue business expects from customer

LTV
Loyalty Points

Currency earned through purchases

Points
Loyalty Program

Rewards program encouraging repeat purchases

Loyalty
Loyalty Tier

Level within loyalty program

Tier
Maintained Markup

Actual markup after markdowns

MMU
Manufacturers Suggested Retail Price

Price manufacturer recommends for retail

MSRP
Market Basket Size

Number of items in shopping basket

Basket_Size
Market Development Funds

Money suppliers give retailers for marketing

MDF
Marketing Qualified Lead

Lead deemed likely to become customer

MQL
Master Data Management

Process of creating uniform set of data on customers and products

MDM
Mega Menu

Large dropdown menu displaying many options

Mega_Menu
Merchant Account

Bank account accepting card payments

Merchant_Account
Mini Cart

Small cart preview without leaving page

Mini_Cart
Minimum Advertised Price

Lowest price retailer can advertise product

MAP
Minimum Order Quantity

Smallest quantity supplier will sell

MOQ
Mobile Point of Sale

Portable device accepting payments via mobile technology

mPOS
Modal Window

Dialog box overlaying content

Modal
Monthly Recurring Revenue

Predictable revenue generated each month

MRR
Multi-Channel Fulfillment

Fulfilling orders from multiple sales channels

MCF
Multivariate Testing

Testing multiple variables simultaneously

MVT
Net Merchandise Value

GMV after returns and cancellations

NMV
Net Profit

Revenue minus all expenses

NP
Net Promoter Score

Customer loyalty and satisfaction metric

NPS
Net Revenue Retention

Revenue retained from existing customers

NRR
New Arrivals

Recently added products

New_Arrivals
One-Click Checkout

Streamlined single-step purchase process

One_Click
Order Management System

Digital system tracking orders and inventory

OMS
Original Design Manufacturer

Company designing and manufacturing products

ODM
Original Equipment Manufacturer

Company producing parts for another company

OEM
Out of Stock

Unavailability of product for purchase

OOS
Overstock

Excess inventory being sold at discount

Overstock
Page Views

Total number of pages viewed

Pageviews
Payment Authorization

Approval of payment transaction

Authorization
Payment Card Industry Data Security Standard

Security standards for card payment processing

PCI_DSS
Payment Fraud

Unauthorized use of payment information

Fraud
Payment Gateway

Service authorizing online payments

Payment_Gateway
Payment Service Provider

Company facilitating electronic payments

PSP
Payment Settlement

Transfer of funds from customer to merchant

Settlement
Payment Tokenization

Replacing card data with unique identifier

Tokenization
Personalization

Tailoring content to individual preferences

Personalization
Planogram

Visual diagram of product placement

Planogram
Point of Sale

Place where customer executes payment for goods or services

POS
Preorder

Order placed before product availability

Preorder
Price Markdown

Reduction in selling price of merchandise

Markdown
Price Markup

Amount added to cost to determine selling price

Markup
Private Label

Products manufactured for exclusive retailer brand

Private_Label
Product Assortment

Variety of products offered for sale

Assortment
Product Badge

Label highlighting product attribute

Badge
Product Bundling

Offering multiple products together as package

Bundling
Product Comparison

Feature comparing multiple products

Compare
Product Detail Page

Page displaying comprehensive product information

PDP
Product Exchange

Replacing returned item with different one

Exchange
Product Information Management

System managing product data for multiple channels

PIM
Product Lifecycle Management

Process of managing product from inception through disposal

PLM
Product Listing Page

Page showing multiple products in category

PLP
Product Qualified Lead

Lead having experienced product value

PQL
Product Recommendations

Personalized product suggestions

Recommendation
Product Returns

Process of customers sending back purchases

Returns
Product Reviews

Customer opinions and ratings

Reviews
Profit Margin

Difference between selling price and cost

Margin
Questions and Answers

Customer inquiries and responses about products

Q&A
Quick View

Pop-up showing product details without leaving page

Quick_View
Recency Frequency Monetary

Customer segmentation model

RFM
Recently Viewed

Products customer previously browsed

Recently_Viewed
Recommended Retail Price

Price supplier suggests retailers charge

RRP
Recurring Billing

Automatic regular charges

Recurring
Referral Marketing

Encouraging customers to refer others

Referral
Refund

Repayment of money to customer

Refund
Related Products

Items similar or complementary to viewed product

Related
Restocking Fee

Charge for processing returned item

Restocking_Fee
Return Merchandise Authorization

Permission to return product

RMA
Return on Ad Spend

Revenue generated per dollar spent on advertising

ROAS
Return on Assets

Profitability relative to total assets

ROA
Return on Investment

Measure of profitability of investment

ROI
Return on Marketing Investment

Revenue attributed to marketing efforts

ROMI
Return to Vendor

Sending unsold inventory back to supplier

RTV
Revenue Per Visitor

Average revenue generated per website visitor

RPV
Revenue Share

Sharing revenue between parties

Rev_Share
Rewards Program

Benefits given for customer loyalty

Rewards
Sales Force Automation

Software automating sales tasks and processes

SFA
Sales Funnel

Path customers take from awareness to purchase

Funnel
Sales Lead

Potential customer showing interest

Lead
Sales Pipeline

Visual representation of sales process stages

Pipeline
Sales Prospect

Qualified potential customer

Prospect
Sales Qualified Lead

Lead ready for direct sales follow-up

SQL
Scarcity Marketing

Limited availability driving demand

Scarcity
Seller Fulfilled Prime

Amazon program where sellers fulfill Prime orders

SFP
Share of Voice

Brand's advertising compared to competitors

Share_of_Voice
Share of Wallet

Portion of customer spending on brand

Share_of_Wallet
Shopping Cart

Virtual basket holding items for purchase

Cart
Site Search

Function allowing users to search website

Search
Site Stickiness

Ability to retain visitors over time

Stickiness
Size Chart

Guide helping customers choose correct size

Size_Chart
Slotting Fee

Fee charged to place product on retail shelves

Slotting_Fee
Social Proof

Influence of others on purchasing decisions

Social_Proof
Soft Bounce

Email temporarily undeliverable

Soft_Bounce
Spam Filter

System identifying unwanted emails

Spam
Star Ratings

Numerical or visual product evaluation

Ratings
Sticky Header

Header remaining visible while scrolling

Sticky
Stock Keeping Unit

Unique identifier for each distinct product and service

SKU
Store Brand

Retailer's own branded products

Store_Brand
Store Credit

Account balance for future purchases

Store_Credit
Subscription Model

Recurring payment for ongoing product or service

Subscription
Suggested Retail Price

Alternative term for recommended retail price

SRP
Supply Chain Management

Management of goods and services flow

SCM
Third Party Logistics

Outsourced logistics and fulfillment services

3PL
Tooltip

Small pop-up providing information

Tooltip
Top of Mind

First brand consumers think of in category

TOM
Transportation Management System

Platform for managing shipping and logistics

TMS
Trending Products

Items currently popular

Trending
Unbundling

Separating bundled products to sell individually

Unbundling
Unique Visitors

Number of distinct individuals visiting site

UV
Units Per Transaction

Average number of items per transaction

UPT
Universal Product Code

Barcode symbology widely used for tracking trade items in stores

UPC
Unsubscribe Rate

Percentage opting out of email list

Unsubscribe
Upselling

Encouraging purchase of higher-value item

Upsell
Urgency Marketing

Creating time pressure to encourage action

Urgency
User Engagement

Degree of user interaction with content

Engagement
User Experience

Overall experience of person using website or app

UX
User Generated Content

Content created by users rather than brands

UGC
User Interface

Visual elements enabling user interaction

UI
User Session

Period of user activity on website

Session
Value Added Services

Services beyond basic logistics

VAS
Very Important Person

Premium customer tier with special benefits

VIP
Viral Coefficient

Number of new users each user brings

Viral
Virtual Reality

Simulated digital environment

VR
Virtual Try-On

Digital feature allowing customers to preview products

Virtual_Try_On
Visual Merchandising

Presentation of products to stimulate interest

Merchandising
Warehouse Management System

Software managing warehouse operations

WMS
White Label

Generic products rebranded by retailers

White_Label
Wishlist

Saved list of desired products

Wishlist
Word of Mouth

Informal communication about products

WOM