Category: Glossary
Glossary

Store Credit System

Definition A store credit system allows customers to receive credits they can spend on future purchases within the same store. Credits can be issued as compensation for returns, part of […]

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Store Credit System
Glossary

Stockout Rate

Definition Stockout rate is the percentage of time a product is unavailable for purchase because it’s out of stock. It’s calculated by dividing the number of days an item is […]

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Stockout Rate
Glossary

Shipping Time

Definition Shipping time refers to the duration between when a customer places an order and when the product is delivered to their doorstep. It’s a key factor that directly impacts […]

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Shipping Time
Glossary

Sales Funnel

Definition A sales funnel is the journey a customer takes from discovering your store to completing a purchase. It typically includes multiple stages like awareness, interest, decision, and action. Each […]

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Sales Funnel
Glossary

Related Products

Definition Related products are suggestions shown on a product page to encourage customers to explore similar or complementary items. They can be manually selected or automatically generated based on category, […]

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Related Products
Glossary

Refund Rate

Definition Refund rate is the percentage of total orders that result in refunds over a specific period. It helps track customer satisfaction, product quality, and fulfillment accuracy. Good or Bad? […]

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Refund Rate
Glossary

Recently Viewed Products

Definition Recently viewed products is a feature that displays items a customer has looked at during their browsing session. This functionality helps users easily revisit items they were interested in […]

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Recently Viewed Products
Glossary

Real-Time Stock Sync

Definition Real-time stock sync refers to the automatic and instant updating of inventory levels across your WooCommerce store and any connected platforms. It ensures that when a product is sold, […]

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Real-Time Stock Sync