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customer traffic (Customer traffic is the lifeblood of any retail business. Many live or die by the numbers that come through their front doors, and with increasing competition online, it's no wonder so many retailers find it hard to keep those doors open.
A set of factors including customer traffic within a store, selecting a product, and quantity of selected product is defined as expected values, each in terms of a set of parameters related to customer buying decision.
Foot traffic–or customer traffic–is an important metric because higher foot traffic tends to lead to higher sales and revenue numbers. However ... Alexander Demidov); foot traffic (Foot traffic is a term used in business to describe the number of customers that enter a store, mall, or location. Foot traffic numbers are heavily monitored by store owners in particular retail stores, such as department stores. Foot traffic–or customer traffic–is an important metric because higher foot traffic tends to lead to higher sales and revenue numbers. However, foot traffic alone is not enough to generate new sales. Companies must offer a desirable product or service and follow through with delivering a positive experience to the customer.  investopedia.com Alexander Demidov) |
