How is 'Cost Per Acquisition' (CPA) significant in marketing performance analysis?
- CPA measures the cost of acquiring new customers through marketing efforts.
- CPA determines the overall marketing budget for a campaign.
- CPA assesses the total revenue generated by a marketing campaign.
- CPA evaluates the brand awareness created by marketing activities.
Cost Per Acquisition (CPA) is significant in marketing performance analysis as it measures the cost incurred to acquire a new customer through marketing efforts. It helps assess the efficiency and effectiveness of marketing campaigns in acquiring valuable customers. The other options are not accurate descriptions of CPA.
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