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

Explain about mmx architecture, Explain about MMX architecture MMX arc...

Explain about MMX architecture MMX architecture introduces new packed data types. Data types are eight packed, consecutive 8-bit bytes; four packed, consecutive 16-bit words;

What is the need of modem in data communication, What is the need of MODEM ...

What is the need of MODEM in data communication? Need of Modem: Modems are utilized to interface computer networks, computers and other terminal equipment for radio channels

State the benefits of encapsulation, State The Benefits of Encapsulation ...

State The Benefits of Encapsulation To hide the details of a class, you can declare that data or implementation in the private part of class so that other class clients will n

Explain in detail companding, Explain in detail companding. Companding...

Explain in detail companding. Companding: It is the process of compressing and expanding. This includes compressing the signal at the transmitter and expanding this at the re

Liquid crystal displays, LCDs are the screens of choice for lightweight scr...

LCDs are the screens of choice for lightweight screens andportable computers. They consume very little electricity and have advanced technically to quite good resolutions and colou

What is a table pool, What is a table pool? A table pool (or pool) is ...

What is a table pool? A table pool (or pool) is used to join several logical tables in the ABAP/4 Dictionary.  The definition of a pool having of at least two key fields and a

Caption to commission rate, Get a listing of the name, commission rate, and...

Get a listing of the name, commission rate, and hire date of all salesmembers who sell to commercial customers. Sort the result in order from the 1st hired to the most recently hir

How do you ensure that our records are scanned accurately, How do you ensur...

How do you ensure that our records are scanned accurately? Not only do we have a highly trained and capable staff, we also have quality controls in place to make sure your reco

What is indexed addressing, What is Indexed addressing The location of ...

What is Indexed addressing The location of data is calculated as sum of an address specified by one of previous methods, and value of an index register. This allows an array of

Cell array variable , a)   Make a cell array variable that would kept for a...

a)   Make a cell array variable that would kept for a student his or her name, university id number, and GPA.  Print this information. b) Make a structure variable that would kept

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