21.3.2 - Key KPIs
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Practice Questions
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Define Conversion Rate.
💡 Hint: Think about how many visitors become customers.
What does AOV stand for?
💡 Hint: It's related to how much revenue is made per order.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does Conversion Rate measure?
💡 Hint: It's a key metric for evaluating the success of an E-commerce site.
True or False: A low Patient Wait Time is always favorable.
💡 Hint: Think about how waiting affects patient satisfaction.
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Challenge Problems
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Given a site has 1000 visitors, with a Conversion Rate of 2%, how many purchases were made? Analyze how increasing this to 5% could impact revenue by retaining the AOV at $50.
💡 Hint: Calculate the purchases at both rates initially before determining total revenue.
In a healthcare setting, discuss strategies to reduce Patient Wait Times by 30% and analyze potential impacts on Patient Satisfaction Scores.
💡 Hint: Consider practical steps and their effects on both staff and patients.
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