Mangai Apparels Interview Questions and Answers

Conversion refers to the percentage of visitors to a store who make a purchase.

• Conversion is a metric used to measure the effectiveness of a store in turning visitors into customers.

• It is calculated by dividing the number of purchases by the number of visitors.

• A high conversion rate indicates that the store is doing well in attracting and retaining customers.

• Factors that can affect conversion include store layout, prod...read more

KPI stands for Key Performance Indicator. It is a measurable value that demonstrates how effectively a company is achieving its key business objectives.

• KPIs help to track progress towards achieving goals and objectives

• They provide a clear understanding of what needs to be achieved and how to measure success

• KPIs can be used to identify areas for improvement and make data-driven decisions

• Examples of KPIs include sales re...read more

ATV stands for Average Transaction Value and ASP stands for Average Selling Price.

• ATV is the average amount of money spent per transaction by a customer.

• ASP is the average price at which a product is sold.

• ATV and ASP are important metrics for measuring sales performance and profitability.

• Increasing ATV can be achieved by upselling or cross-selling products.

• Increasing ASP can be achieved by offering premium products or ...read more