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

Set up to use parallel virtual machine, Q. Set up to Use parallel virtual m...

Q. Set up to Use parallel virtual machine? PVM employs two environment variables when starting and running. Each and every PVM user needs to set these two variables to employ P

Define decision support system, Q. Define Decision Support System? An...

Q. Define Decision Support System? Ans. The decision support system is an information system application which help decision making. DSS tends to be used in planning or analy

What is a size category, What is a Size Category? The Size category ve...

What is a Size Category? The Size category verifies the probable space needs of the table in the database.

Explain the significance of encryption, Problem: (i) What are the main...

Problem: (i) What are the main threats that an organisation holding sensitive data, such as Public Data, on computer storage must guard against? (ii) To protect such data,

Explain the architectural framework for electronic commerce, Explain the Ar...

Explain the Architectural framework for electronic commerce. An application independent framework to categorize service interaction relies on four basic dimensions   1.  Ser

What is a sparse matrix, What is a sparse matrix? Sparse Matrix A m...

What is a sparse matrix? Sparse Matrix A matrix in which number of zero entries is much higher than the number of non-zero entries is known as sparse matrix. The natural me

State the important features of operating system, a. Define operating syste...

a. Define operating system? State the important features of operating system? b. Describe the following facilities for implementing interacting processes in programming language

Define formal language grammar, Define formal language grammar? A forma...

Define formal language grammar? A formal language grammar is a set of formation rules which describe that strings made by the alphabet of a formal language are syntactically va

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