In the Conversion Rate Calculation, If You Have 1000 Inquiries

question 9

Multiple Choice

In the conversion rate calculation, if you have 1000 inquiries and 300 of them subsequently become buyers, you have a ________ conversion rate:

• A)30 percent
• B)300 percent
• C)33 percent
• D).03 percent

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Definitions:

Neoclassical Economists

Economists who follow the neoclassical school of thought, focusing on supply and demand as drivers of price, output, and allocation of resources in markets.

Free Markets

Economic systems in which prices for goods and services are determined by the open market and by consumers, with minimal governmental intervention or regulation.

Global Economy

The international network of economies and markets, interconnected and influenced by global trade, investment, and information technology.

Skilled Workers

Individuals who have received specialized training, education, or experience that allows them to perform specific tasks or jobs.