Performance Measurement & KPIs Flashcards
7 cards from real MO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Performance Measurement & KPIs flashcards as text
A marketing officer wants to measure brand awareness. Which of the following is the most direct KPI for this goal?
Answer: Unaided brand recall
Unaided brand recall measures whether consumers can remember a brand without prompting, directly reflecting awareness levels.
What does a high 'Marketing Efficiency Ratio (MER)' indicate about a marketing program?
Answer: Marketing spend generates strong revenue relative to cost
MER (total revenue / total marketing spend) measures overall marketing efficiency; a high ratio means more revenue is generated per dollar spent.
A company uses a balanced scorecard for marketing. Which perspective specifically covers internal process KPIs?
Answer: Internal business processes perspective
The internal business processes perspective of the balanced scorecard evaluates operational efficiency and process quality.
A marketing team's campaign has a 2% conversion rate. If they improve it to 3%, by what percentage did the conversion rate increase?
Answer: 50%
Percentage increase = (3% - 2%) / 2% × 100 = 50%, not a 1-percentage-point raw difference.
When benchmarking KPIs, a marketing officer compares performance against competitors. This is called:
Answer: Competitive benchmarking
Competitive benchmarking measures performance relative to direct competitors to identify gaps and best practices.
A social media campaign achieves 500,000 impressions but only 1,000 link clicks. What is the click-through rate (CTR)?
Answer: 0.2%
CTR = (clicks / impressions) × 100 = (1,000 / 500,000) × 100 = 0.2%.
Which of the following best describes a 'vanity metric' in marketing?
Answer: A metric that looks impressive but doesn't drive decisions
Vanity metrics (e.g., raw follower counts) appear impressive but lack actionable connection to business outcomes or strategy.