Practice E-commerce Domain - 21.1 | Domain-Specific Jargon and KPIs | Business Analysis
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define 'cart abandonment.'

💡 Hint: Think about what happens when someone lets items sit in their cart.

Question 2

Easy

What does SKU stand for?

💡 Hint: Consider the unique identifier for products.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does 'cart abandonment' measure?

  • Percentage of completed purchases
  • Percentage of products in stock
  • Percentage of users who leave items in cart

💡 Hint: Think about users who don't finish their orders.

Question 2

True or False: AOV stands for Average Order Value.

  • True
  • False

💡 Hint: It's about how much customers spend.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A retail website notices that 80% of users abandon their carts. Propose a strategy to address this issue and provide a potential outcome if the strategy is implemented.

💡 Hint: Think about methods that encourage users to complete their purchases.

Question 2

Evaluate how increased fulfillment time affects customer satisfaction and sales performance.

💡 Hint: Consider how waiting impacts the customer experience.

Challenge and get performance evaluation