Targeting for new business, Computer Engineering

Assignment Help:

Assume you own your own small party supply and rental business. You keep an Excel list of potential customers and clients who have rented or purchased from you in the past 2 years. The list has both physical mailing addresses and e-mail addresses for every person listed. You have a “category“code to demonstrate whether the contact is a client. If they have done business with you, they demonstrate a code of “CUST” for customer. If they are potential customers who have not yet purchased or rented from you, they are coded as “PROS” for prospect.
 
You want to produce your business, and feel the best way to do this is to solicit business from customers who show a physical address in the similar zip code as your business location. Respond fully to the following questions regarding this task:
 
A - Describe how you will use Excel to find in your list the people you are targeting for new business. Be specific.
B - You want to send a letter to every person on your list from Part A of this question. You have a nice form letter that you have used in the past. Explain how you might personalize the letter by adding your customer names.
C - If you get the results you expect to get from contacting your prospects, you want to be able to do this every month. Explain how you might use Excel to automate the process of separating your list as you did in Part A.
D - You want to gauge the impact of mailing to only your customers, to only your prospects, or to everyone on your list. You have the numbers for each group, the estimated cost per letter, and the expected increase in income for each letter mailed. What Excel tools might you use to see the anticipated outcome for each of the three situations?


Related Discussions:- Targeting for new business

Illustrate lcd technology, Q. Illustrate LCD Technology? The technology...

Q. Illustrate LCD Technology? The technology behind LCD is known as Nematic Technology since the molecules of liquid crystals used are nematic which implies that rod-shaped. Th

Data packets - universal serial bus, Data packets: A data packet consi...

Data packets: A data packet consists of the PID which is followed a 16-bit CRC and by 0-1023 bytes of data payload (up to 1024 in high speed and at most 8 at low speed) The

Explain common sub expression elimination, Explain briefly Common sub ex...

Explain briefly Common sub expression elimination of the commonly used code optimization techniques. Common sub expression elimination: In given expression as "(a+b)-(

Define print resolution of printers, Q. Define Print Resolution of printers...

Q. Define Print Resolution of printers? Print Resolution is the detail which a printer can give considered by how many dots a printer can put in each inch of paper.  So the uni

What is the relationship between clipping and repainting, When a window is ...

When a window is repainted by the AWT painting thread, it sets the clipping regions to the area of the window that needs repainting.

DISCRETE STRUCTURES, SET 2I OF ALL INTEGERS WITH ZERO IS AN ABELIAN GROUP

SET 2I OF ALL INTEGERS WITH ZERO IS AN ABELIAN GROUP

Explain about the value chain for a manufactured product, Explain about the...

Explain about the value chain for a manufactured product. The products sold in shops and purchased for use within organizations are the result of a complicated web of relations

Interaction design and human–computer interaction, You should now have a re...

You should now have a reasonably clear understanding of what is meant by interaction design. However, there are several other terms which are often used to refer to particular aspe

What is a matchcode, What is a matchcode? A match code is an aid to fin...

What is a matchcode? A match code is an aid to finding records keeps in the system whenever an object key is needed in an input field but the user only knows other (non-key) in

Define digital computers system, Q. Define Digital computers system? Di...

Q. Define Digital computers system? Digital computers, in general, are automatic machines that accept data and instructions, perform predefined operations very quickly on the d

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd