Browse terms related to - A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A/B testing, at its simplest, is randomly showing a visitor one version of a page- (A) version or (B) version- and tracking the changes in behavior based on which version they saw.
(A) version is normally your existing design ("control" in statistics lingo); and (B) version is the "challenger" with one copy or design element changed.
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A classification scheme used to implement inventory management strategies.
Products are segmented into groups based upon unit sales or some other criterion.
They are generally inexpensive, short-lived, and relatively standardized.
Examples are hand tools, lift trucks, and office equipment (typewriters, desks).
The categorization of a salesperson's customers into groups, based on criteria such as potential sales, for the purpose of developing a sales call plan.
Comment: The classification scheme reflects the relative attractiveness of the various customers and is used to direct sales effort.1.
The criterion for this decision is the same as for a new product: net present value of the product's estimated stream of future earnings, both direct and indirect.
Simplified heuristics (e.g., number of years without a profit) may be substituted for this criterion. Term used to describe when customers shop online, but fail to complete a purchase.
Even if a country has an absolute advantage in the production of all goods, it can still gain from specialization and trade if it has a comparative advantage in the production of any good.