How do you calculate how much a store visit is worth to your business?

(In-store average order value) x (In-store purchase rate) x (online purchase rate) = Store visit conversion value

(Online purchase rate) x (in-store average order value) = Store visit conversion value

(in-store average order value) x (Online purchase rate)= Store visit conversion value

(In-store purchase rate) x (In-store average order value) = Store visit conversion value


Choose an option to see if it’s correct. Check the explanation below. Learn Smarter, not Harder.

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Explanation: How do you calculate how much a store visit is worth to your business?


Explanation: The correct way to calculate how much a store visit is worth to a business is by using the formula **(In-store purchase rate) x (In-store average order value) = Store visit conversion value.** This formula takes into account two critical factors: the rate at which visitors to the store make purchases (In-store purchase rate) and the average value of each transaction (In-store average order value). By multiplying these two values together, businesses can determine the monetary value associated with each store visit, providing insights into the overall impact of foot traffic on sales revenue. Essentially, it quantifies the value generated by physical visits to the store, allowing businesses to assess the effectiveness of their offline marketing efforts and make informed decisions regarding resource allocation and strategy optimization. Therefore, selecting the formula that multiplies the in-store purchase rate by the in-store average order value accurately represents how businesses can calculate the worth of a store visit, making it the correct answer option.
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