Conversion Rate Is a Measure of The

question 25

Multiple Choice

Conversion rate is a measure of the:

• A)percentage of visitors who indicate an interest in a site's products by registering or visiting a product's pages.
• B)percentage of visitors who become customers.
• C)percentage of existing customers who continue to buy on a regular basis.
• D)percentage of shoppers who do not return within a year after their initial purchase.

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Definitions:

General Formula

A broadly applicable equation or rule that can be used in various situations to calculate a value or predict outcomes.

Slope

Slope is a measure of the steepness, incline, or grade of a line, often represented mathematically as the ratio of rise over run in the context of a graph.

Isocost Line

Represents all combinations of inputs that cost the same amount for a firm, illustrating budget constraints in production theory.

Price of Capital

The cost of using capital assets in production, which can include interest rates on loans or opportunity costs of using owned capital.