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1) There are multiple options for advertising in the PROSIM module. Advertising is an expense that helps increase revenues. Much like other expenses, it is
1) There are multiple options for advertising in the PROSIM module. Advertising is an expense that helps increase revenues. Much like other expenses, it is very important to keep advertising costs at an acceptable level.
a) Calculate the cost per person family for each of the following advertising options:
Campaign | Number of People | Cost per Week |
KDIN Broadcast | 321,500 | $36,000 |
Toronto Life | 85,250 | First 5 digits of your student number |
Restaurant Guide | 21,412 | Last 4 digits of your student number |
102,523 | First 5 digits of your student number |
b) If you expected next weeks revenue to be the first 6 digits of your student ID what would your advertising budget be? Which, if any, options from Part A would you choose as your advertising medium and why?
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