Practice Summary Table by Domain - 21.4 | 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

What does SKU stand for in E-commerce?

πŸ’‘ Hint: Think of how businesses identify their products.

Question 2

Easy

What is the definition of TAT?

πŸ’‘ Hint: It relates to how long something takes to complete.

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 the term 'Cart Abandonment' refer to?

  • When a customer places an order
  • When a customer adds items to the cart but leaves without purchasing
  • When inventory is low

πŸ’‘ Hint: Think about what it means for an online shopper.

Question 2

True or False: The Average Order Value (AOV) is calculated by dividing total revenue by the number of orders.

  • True
  • False

πŸ’‘ Hint: Consider how you would calculate an average.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Design a strategy to reduce Cart Abandonment rates for an online store. What measures can you implement?

πŸ’‘ Hint: What can make the customer reconsider their purchase?

Question 2

Evaluate the implications of a high No-Show Rate in a healthcare facility and recommend ways to mitigate it.

πŸ’‘ Hint: What can encourage patients to keep their appointments?

Challenge and get performance evaluation