21.2.2 - Key KPIs
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Practice Questions
Test your understanding with targeted questions
What does the conversion rate measure?
💡 Hint: Think about how we track user behavior in online stores.
What is one reason for high Patient Wait Times?
💡 Hint: Consider how operations can impact patient care.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does the Conversion Rate indicate?
💡 Hint: Focus on the desired action completed by the users.
True or False: A high Patient Wait Time is always good for business.
💡 Hint: Consider the patient perspective regarding service.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
Discuss how a Business Analyst might use KPIs to propose changes in E-commerce strategy. Include at least two specific KPIs and their impacts.
💡 Hint: Focus on the direct relationship between KPIs and tactical strategies.
Analyze a situation where a bank has a rising NPA ratio and propose two corrective actions the management could take.
💡 Hint: Think of both operational adjustments and market strategies to tackle this issue.
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Reference links
Supplementary resources to enhance your learning experience.
- Key Performance Indicators (KPI) Explained
- Understanding E-commerce Metrics
- Healthcare Key Performance Indicators
- Data Analytics in Banking: Key Performance Indicators
- Understanding Customer Acquisition Cost
- Performance Metrics in Banking
- The Importance of KPIs in Business
- Patient Satisfaction Metrics: Why They Matter
- E-commerce: Conversion Rates and What They Mean