Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Campaign A: Quantity mailed was 1.3 million pieces and the response rate was 1.8%. Campaign B: Quantity mailed was 800,000 pieces and resulted in the
Campaign A: Quantity mailed was 1.3 million pieces and the response rate was 1.8%. Campaign B: Quantity mailed was 800,000 pieces and resulted in the acquisition of 10,000 customers.
(a) Which campaign had the best response rate? (b) If the CPM of the first campaign was $800 and the second was $900, which campaign had the lowest cost per acquisition? (c) Which campaign was better, A or B? Please explain your reasoning.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started