What is meant by "conversion rate"?
What will be an ideal response?
Answer: The conversion rate (or browse-to-buy rate) is the proportion of visitors to a site who actually make a purchase. Conversion rates vary dramatically across industries but usually range from 1-4 percent with an average rate of 3.2.
Business
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Which of the following best describes the term equivalent units?
A) partially completed units expressed in terms of fully completed units B) partially completed units of output that will be sold as is C) substitute of units that are partially completed D) different types of units that have same selling price
Business
________ refers to the position of one individual relative to others
A) Cognitive age B) Affluence C) Life stage D) Status E) Role
Business