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 business analysis, 'sales data' encompasses all the information related to the sales transactions of a business, including volume, revenue, and customer demographics. An analyst might use this data to say, 'Our sales data analysis reveals seasonal trends and customer preferences, informing our marketing strategies.'

Practice Scenarios

Academics

Scenario:

This new research on consumer behavior presents some fascinating insights. We should incorporate it into our next study.

Response:

That's a good idea. We can use sales data from various industries to reinforce our observations from this research.

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.