21.2.1 - Common Jargon
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Practice Questions
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What does AOV stand for?
💡 Hint: Think about what AOV measures in the context of sales.
Define SKU.
💡 Hint: Consider how retailers identify their inventory.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is Cart Abandonment?
💡 Hint: Think about what happens to shopping carts.
True or False: AOV is calculated by dividing total revenue by the number of orders.
💡 Hint: Recall how you measure average purchases.
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Challenge Problems
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An E-commerce site has a 70% Cart Abandonment Rate. Outline strategies they could employ to reduce this percentage and increase conversions.
💡 Hint: Think about the user's journey and pain points during checkout.
A hospital notices high No-Show Rates for appointments. What measures can be taken to improve patient attendance?
💡 Hint: Consider how to engage patients proactively.
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