Search Terms judges every campaign on the same basis Google bids on - cost or value, and picks which automatically.
Target CPA or Maximize Conversions bidding means CPA mode (judged on cost per sale).
Target ROAS or Maximize Conversion Value bidding means ROAS mode (judged on value returned).
Nothing to set - it reads the campaign's bidding strategy. Built-in checks keep the two from ever mixing, so a CPA campaign never picks up a stray ROAS value and vice versa.
CPA mode compares cost per sale to your target. Below target is good; near it can be fine; far above it triggers review, pausing, or negative logic depending on the term.
ROAS mode compares value returned per dollar to your target ROAS, and is deliberately more protective. The only terms it auto-blocks are ones that returned zero value; anything that brought back revenue is never auto-blocked, and value-based changes always go to review.
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