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Cart Abandonment Rate
The cart abandonment rate is a critical metric for e-commerce, indicating the percentage of users who added products to their cart but did not complete the purchase. Understanding this metric is essential for optimizing the shopping experience, reducing abandonment rates, and increasing sales. Factors like pricing, high shipping costs, and complicated checkout processes can significantly impact this rate. Implementing strategies to retain customers is vital for improving conversion rates and maximizing your online business's profitability.
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