What does ACV abbrevation stand for?
Annual contract value
What does ACV refer to?
ACV is the average revenue generated for a particular customer per year. ACV is used in businesses where customers make regular, repeated purchases.
What the abbreviation ARR stand for?
Annual recurring revenue
What does ARR refer to?
is the amount of money a business expects to earn over one year from all its customers. ARR only includes repeat purchases, not first-time customers.
What is the Churn Rate?
Churn Rate is the percentage of customers who stop buying from your company in a given time frame.
What is Closing Ratio used for?
The closing ratio is used to measure sales agent success. It compares the number of closed deals to the number of prospects the agent interacted with.
What is Conversion in Sales?
A conversion is any prospect that moves to the next step in the sales pipeline. Conversions can refer to sales, but they can also refer to prospects setting up
