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Target implements Lean principles in sales analytics. Requirements: Calculate the Sales Conversion Rate for a promotional campaign that attracted 50,000 visitors to the store and

  • Target implements Lean principles in sales analytics.
  • Requirements:
    • Calculate the Sales Conversion Rate for a promotional campaign that attracted 50,000 visitors to the store and resulted in 5,000 purchases.
    • Recommend strategies to increase Sales Conversion Rate.
    • Explain how improving Conversion Rate aligns with Lean principles in retail sales at Target.
    • Analyze the conversion rate impact on Target's balance sheet.

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