Final answer:
The report showing the time it takes for a customer to convert after interacting with an ad is the Time Lag report.
It's crucial for understanding the duration from ad interaction to purchase and helps businesses optimize their marketing efforts.
The Correct Option is; D. Time Lag.
Step-by-step explanation:
The report that shows how long it takes for a customer to convert after interacting with an ad is known as the Time Lag report. This report allows marketers to understand the amount of time that passes between a customer first viewing an ad and eventually making a purchase or conversion.
It is a valuable metric for businesses that are looking to understand the customer journey and to optimize their marketing strategies for better conversion rates.
When looking for specific metrics such as on average, how many minutes elapse between two successive arrivals, or when trying to determine when the store first opens, how long on average does it take for three customers to arrive, similar principles apply.
Businesses need to analyze data over a period of time to establish these averages, which can then inform staffing, inventory, and marketing decisions.