Question: please show excel formulas Background: Workbench Home Improvment Stores Workbench, a regional home improvement store is in the midst of its planning process for next

please show excel formulas Background: Workbench Home Improvment Stores Workbench, a regionalplease show excel formulas

Background: Workbench Home Improvment Stores Workbench, a regional home improvement store is in the midst of its planning process for next year. A recent segmentation analysis of those customers that have registered in their loyalty club revealed an important segment, Occasional Shoppers. The newly hired VP of Customer Analytics would like to further penetrate the 'Occasional Shopper' segment, but she wants to manage the Average Acquisition Costs per Customer. Given the availability of two possible lists of 'Occasional Shoppers', answer the following questions. Table 1: List Evaluation List Costs per Name Production and Mailing Costs per Mailing Total Costs to Contact One Person Expected Response Rate Acquistion Costs per Customer List 1 List 2 $6 $23 $3 $3 1% 2% Question 1: What are the Acquisition Costs per Customer for List 1. (Show calculation) Question 2: What are the Acquisition Costs per Customer for List 2. (show calculation) Question 3: Which of the following lists should be purchased from the List Broker (company that sells lists of prospective 'Occasional Shoppers') to minimize the Acquisition Costs per Customer ? Explain your Answer. Background: Workbench Home Improvment Stores Workbench, a regional home improvement store is in the midst of its planning process for next year. A recent segmentation analysis of those customers that have registered in their loyalty club revealed an important segment, Occasional Shoppers. The newly hired VP of Customer Analytics would like to further penetrate the 'Occasional Shopper' segment, but she wants to manage the Average Acquisition Costs per Customer. Given the availability of two possible lists of 'Occasional Shoppers', answer the following questions. Table 1: List Evaluation List Costs per Name Production and Mailing Costs per Mailing Total Costs to Contact One Person Expected Response Rate Acquistion Costs per Customer List 1 List 2 $6 $23 $3 $3 1% 2% Question 1: What are the Acquisition Costs per Customer for List 1. (Show calculation) Question 2: What are the Acquisition Costs per Customer for List 2. (show calculation) Question 3: Which of the following lists should be purchased from the List Broker (company that sells lists of prospective 'Occasional Shoppers') to minimize the Acquisition Costs per Customer ? Explain your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!