Question
To help a retail business increase its conversion rate,
a data analyst should start by defining which of the following metrics?Solution
The conversion rate is the critical metric to define when aiming to increase it, as it measures the percentage of visitors who complete a desired action, like making a purchase. Analyzing and improving this metric directly impacts the effectiveness of customer engagement strategies. A data analyst, by focusing on the conversion rate, can identify factors affecting customer behavior and suggest improvements. This KPI is crucial for targeting specific interventions to boost sales without solely relying on broader metrics like revenue, which may be influenced by external factors. The other options are incorrect because: ā¢ Customer Acquisition Cost focuses on the cost of acquiring customers, not conversion. ā¢ Sales Revenue reflects total earnings but not the efficiency of conversions. ā¢ Inventory Turnover pertains to stock movement, not sales conversion. ā¢ Gross Margin concerns profitability, not the customerās purchase behavior.
Consider the given paragraph and decide which of the given assumptions in the options is implicit in the paragraph.
The school, which used to ...
Consider the following series of letters and numbers.
ZBN#$MAL@23l8nS$59nhfpWn$#l 12EhaI
What comes at theĀ 5th position to the right of ...
Statement:Ā
A. Some fish are birds.
B. No cat is bird.
Conclusion:
I. No bird is cat.
II. Some birds are fish.
If a mirror is placed on the shaded line, which of the following options is the correct image of the given figure?
Select the figure from among the given that will come in place of the question mark (?) and logically complete the series
In a code language āSHE WON GOLD MEDALā is written as 'JRP VMT QMNZ KPZFN' then how will you write āDOMEā in this language?
Read the given statement and conclusions carefully. Decide which of the given conclusion/s is/are true based on the given statement.
Statement: ...
Three statements are given, followed by three conclusions numbered I, II and III.
Assuming the statements to be true, even if they seem to be at ...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at variance...
Select the option figure which is embedded in the given figure (Rotation is NOT allowed).
