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

Basic performance equation, Explain the basic performance equation Ans...

Explain the basic performance equation Ans: The basic performance equation is following T = N * S/ R T =>  It is processor time required to execute a program N => act

what is lrd_stmt?, The lrd_stmt function associates a character string (ge...

The lrd_stmt function associates a character string (generally a SQL statement) with a cursor. This function sets a SQL statement to be processed.

How to access the disk data, Q. How to Access the Disk Data? Disks oper...

Q. How to Access the Disk Data? Disks operate is semi-random mode of operation and generally referenced block wise. The data access time on a disk comprises two major component

Explain throughput performance and issues in pipelining, Throughput Thr...

Throughput Throughput of a pipeline may be defined as number of results which have been achieved per unit time. It can be referred as: T = n / [m + (n-1)]. c = E / c Th

Which way do twin twist props on a boat rotate, Q. Which way do twin twist ...

Q. Which way do twin twist props on a boat rotate when propelling the boat forward? Answer:- In opposite direction however they are designed to propel the boat forward eve

Explain the drawback of top down parsing of backtracking, Write down the dr...

Write down the drawback of top down parsing of backtracking. Following are disadvantages of top down parsing of backtracking: (i) Semantic actions can't be performed whereas

Explain rmtrack, Highlights of the RMTrack application: ? Web based ac...

Highlights of the RMTrack application: ? Web based access permits your users to access the database from anywhere. ? Available as a hosted solution or a download for local in

What is a deadlock, What is a Deadlock? Deadlock is a situation, in th...

What is a Deadlock? Deadlock is a situation, in that processes never complete executing and system resources are tied-up, preventing another job form starting. If the resou

Difference between global and local variables, Global and Local Variables ...

Global and Local Variables Global variables: The features are as pursue Declared outside of all functions or before main. These can be used in all the functions in the progra

What is gdpro and magicdraw uml, What is GDPro and  MagicDraw UML GDP...

What is GDPro and  MagicDraw UML GDPro : This  is a full suite of code  management tools and UML. MagicDraw UML: UML diagrams fully support this: MagicDraw RConverter a

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