roi-measurement

Vocabulary Word

Definition

'ROI-Measurement' or 'Return on Investment Measurement' is a way to know the worth of your investment. If you spent money on something like an advertising campaign, 'ROI-Measurement' could help figure out if you got more customers (returns) from it than what you spent.

Examples in Different Contexts

In business performance analysis, 'ROI measurement' quantifies the success of investments in new technologies, personnel, or business strategies. A business analyst might state, 'Regular ROI measurement helps us fine-tune our strategies and allocate resources more effectively to areas with the highest returns.'

Practice Scenarios

Tech

Scenario:

We've implemented some significant software upgrades recently. Let's tally up the advantages.

Response:

Great idea! We should use ROI-Measurement to ascertain the value the upgrades provided.

Marketing

Scenario:

Our social media campaign last month got excellent engagement. We need to crunch the numbers to see if it translated into sales.

Response:

Agreed, quantifying the ROI-Measurement will give us a clear picture of the campaign's effectiveness.