Practice Data-Driven Decision Making - 5 | Data Analytics & Reporting for Marketers | Digital Marketing Advance
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5 - Data-Driven Decision Making

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does CAC stand for?

πŸ’‘ Hint: Think about the cost associated with getting new customers.

Question 2

Easy

Name one tool used for A/B testing.

πŸ’‘ Hint: Consider tools that help improve website performance.

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 is the formula for calculating Customer Acquisition Cost (CAC)?

  • Total Spend Γ· Repeat Customers
  • Total Spend Γ· New Customers
  • Total Spend Γ· Website Visits

πŸ’‘ Hint: Think about how much you spend to obtain a new customer.

Question 2

True or False: A high ROAS indicates that an advertising strategy is profitable.

  • True
  • False

πŸ’‘ Hint: Consider the relationship between revenue and costs.

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Your marketing team has identified a campaign with a high CAC but low conversion rate. Propose a strategic action plan to address this issue.

πŸ’‘ Hint: Focus on how targeting affects costs.

Question 2

You are tasked with creating a dashboard to monitor multiple campaigns. What metrics will you include, and why?

πŸ’‘ Hint: Think about what information tells you if a campaign is successful.

Challenge and get performance evaluation