BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income
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Profit
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Minimizing cost
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Maximizing sales
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Detailed explanation-1: -Key performance indicators (KPIs) in sales are the metrics used to measure how closely the performance of a sales team tracks to predetermined goals and how this performance impacts the business as a whole. This includes metrics like average leads generated per quarter and deal conversion rate.
Detailed explanation-2: -This sales KPI indicates the average customer’s revenue from all your sales. It’s a simple calculation, you take your total monthly (recurring) revenue and divide it by the total amount of customers you have in your roster.
Detailed explanation-3: -What is a KPI? KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective. KPIs provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions.