e-commerce-growth

Vocabulary Word

Definition

'E-commerce growth' is a fancy way of tracking how much your online business is expanding. It's how you know if your internet sales are doing well.

Examples in Different Contexts

In market analysis, 'e-commerce growth' refers to the increase in online shopping and transactions over time. A market analyst might say, 'The e-commerce growth rate has been accelerated by technological advancements and changing consumer behaviors.'

Practice Scenarios

Tech

Scenario:

The server migration went smoothly with no disruptions in service. Hopefully, this will enhance our customer experience and sales.

Response:

Right, the website's improved performance could potentially drive more traffic and enhance our e-commerce growth.

Strategic Planning

Scenario:

The conversion rates for our website have been slowly inching up. I think introducing more customer engagement tools might accelerate it.

Response:

I agree. Increasing customer engagement should directly correlate with our e-commerce growth.