High Conversion Rate Refers to ___________

question 62

Multiple Choice

High conversion rate refers to ___________.

• A)the high rate at which the production cost is returned in the form of profits from sales
• B)a high percentage of sales achieved as a result of a firm's current marketing strategy
• C)the high rate at which people switch to a firm's product from a rival firm's product
• D)a high percentage of free users who are willing to convert to paid customers for premium features

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Definitions:

Own Competition

Refers to a scenario where products or brands from within the same company compete against each other in the marketplace.

Global Expansion

The strategy of businesses extending their operations, distribution, and marketing efforts across international borders.

Direct Exporting

A method of entering international markets by selling products directly to customers in another country.

Domestically Produced Goods

Products that are manufactured or produced within the country's borders, as opposed to being imported from abroad.