Preview of practice E-commerce Domain (21.1) - Domain-Specific Jargon and KPIs - Business Analysis
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E-commerce Domain

Practice - E-commerce Domain

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Practice Questions

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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.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

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.

2 more questions available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

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.

Challenge 2 Hard

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

💡 Hint: Consider how waiting impacts the customer experience.

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