sales-data

Vocabulary Word

Definition

'Sales-data' refers to detailed information about the sales a company makes, including which products are sold, who bought them, where, and when.

Examples in Different Contexts

In market research, 'sales data' is used to understand market demand, competition, and pricing strategies. A market researcher might note, 'Analyzing sales data from various sources helps us gauge our market position and identify opportunities for growth.'

Practice Scenarios

Business

Scenario:

The recent surge in our revenue seems promising. Let's dig deeper to understand this growth.

Response:

Absolutely. I'll pull the latest sales data and put together a report summarizing our performance.

Marketing

Scenario:

Our last campaign has increased web traffic, but conversions are not following the same trend. Let's analyze this gap.

Response:

Agreed. The sales data from the last campaign should provide insights into why conversions have not increased.