Commerce Glossary
Browse 7 commerce terms defined in plain English, from the cultural dictionary of computing.
7 Commerce Terms
- GMV
- Gross merchandise value or volume, the total value of goods or transactions flowing through a marketplace or commerce platform before take rate and refunds are...
- Gross Merchandise Volume
- The total value of goods or transactions sold through a marketplace or commerce platform before refunds, discounts, and take-rate adjustments as defined by the...
- Marketplace Model
- A business model centered on facilitating transactions between two or more parties rather than owning all supply directly. The hardest part is usually...
- Omnichannel
- Describing a customer experience designed to work consistently across multiple channels such as web, mobile, retail, support, and email. True omnichannel...
- Point of Sale
- The place and system where a transaction is completed, whether in-store, on a device, or through modern checkout software. Point-of-sale systems often combine...
- Repeat Purchase
- An additional purchase made by an existing customer after the initial transaction. Repeat purchase behavior is a strong signal of satisfaction and business...
- Wholesale
- Describing sales made in bulk to retailers, distributors, or other businesses rather than directly to end consumers. For consumer brands, wholesale expands...
Related Topics
- Marketplaces (2 terms in common)
- Channels (1 terms in common)
- Customer Experience (1 terms in common)
- Consumer (1 terms in common)
- Distribution (1 terms in common)
- Business Models (1 terms in common)
- Retail (1 terms in common)
- Payments (1 terms in common)
- Metrics (1 terms in common)
- Sales (1 terms in common)
- Platforms (1 terms in common)
- Retention (1 terms in common)
- Revenue Metrics (1 terms in common)