Question
In defining KPIs for a marketing campaign, what is the
most critical aspect a data analyst should ensure?Solution
Effective KPIs are measurable, aligned with specific goals, and relevant to the business problem. For example, a marketing campaign KPI like "increase customer engagement by 20% in Q4" is specific, actionable, and tied to organizational outcomes. KPIs guide the focus of data collection, analysis, and evaluation, ensuring resources are used effectively. By emphasizing relevance and measurability, analysts ensure stakeholders can track progress and adjust strategies dynamically. KPIs should reflect campaign objectives and provide actionable insights rather than just descriptive statistics. Why Other Options Are Incorrect: • A: Focusing solely on historical data limits the ability to project future outcomes. • C: Including all metrics dilutes focus and reduces clarity. • D: Quantitative metrics provide the specificity needed for KPI measurement. • E: KPIs may need to adapt to reflect changing campaign priorities.
The appointment of a Statutory Auditor in a company is done by:
In ABC analysis, A, B and C stand for:
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
Under RBI’s scale-based regulatory framework for NBFCs, an NBFC–Peer-to-Peer Lending platform (NBFC-P2P) will always fall under which regulatory lay...
A deferred revenue expenditure is one which:
A company's current ratio is 2.5, but its quick ratio is only 0.9. What does this suggest about its liquidity?
A company purchases 1000 bonds of ₹100 each at ₹95 cum-interest, and the interest rate is 8% payable, annually. How much accrued interest is include...
For a large infrastructure project, which of the following is typically the MOST expensive source of finance?
A company redeems preference shares of ₹5,00,000 at par out of fresh equity issue of ₹3,00,000 and balance from profits. Securities Premium balance ...
Which of the following cost are not excluded from the cost of inventories as per AS 2: