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Exam IIBA-CBDA topic 1 question 4 discussion

Actual exam question from IIBA's IIBA-CBDA
Question #: 4
Topic #: 1
[All IIBA-CBDA Questions]

A financial software company has growth and expansion as one of their top strategic priorities for the year. The senior executive team would like to assess their sales performance over the last 3 years to help set sales objectives. In discussion with the business analytics manager, for a comprehensive sales report, the sales lead recommends looking into the number of contracts signed over the past 3 years and the dollar value for the signed contracts.
Which other question is important to consider when evaluating sales performance?

  • A. What is the average time for conversion?
  • B. What is the total cost incurred per year?
  • C. What is the number of customers retained over the past 3 years?
  • D. What is the time to market the software?
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Suggested Answer: C 🗳️

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MAH95
6 days, 4 hours ago
Selected Answer: C
Ans C. What is the number of customers retained over the past 3 years? Why the Other Options Are Less Relevant: A. What is the time to market the software? Time to market is an important metric for product delivery and development efficiency but does not directly relate to sales performance. B. What is the total cost incurred per year? While cost control is essential for profitability, it is more relevant to financial performance than to evaluating sales performance. D. What is the average time for conversion? Conversion time is helpful for assessing the efficiency of the sales pipeline, but it is secondary to understanding customer retention when evaluating long-term sales growth and expansion.
upvoted 1 times
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f83734b
1 month ago
Purely on the basis of Sales Performance - A is the right answer.
upvoted 1 times
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AdrianChristopheGuru
1 month, 2 weeks ago
Selected Answer: A
I think option A is the correct answer because the main purpose for the analysis was to assess Sales performance so as to set Sales objectives. Conversion rate speaks directly to that
upvoted 2 times
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Rabbitsfoot
3 months, 3 weeks ago
Selected Answer: C
See below
upvoted 1 times
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Rabbitsfoot
4 months, 3 weeks ago
C - Understanding the retention rate can also help in setting realistic sales objectives and strategies for future growth. The other options, while valuable, focus on different aspects: Option A looks at the efficiency of the sales process. Option B considers the cost aspect of sales. Option D is about the product’s time to market, which is more related to product development rather than sales performance.
upvoted 1 times
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C (25%)
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