Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. Sackville Screamers makes Bluetooth speakers for home use. They are looking at placing an advertisement in the Halifax Chronicle Herald for their speakers. The

4. Sackville Screamers makes Bluetooth speakers for home use. They are looking at placing an

advertisement in the Halifax Chronicle Herald for their speakers. The ad will cost $25,000.

According to the Herald the ad will be seen by 250,000 people in Nova Scotia broken down as

follows by age:

a. 10% of readers are 19 or younger

b. 20% of readers are age 20-35

c. 40% of readers are age 36-59

d. 30% of readers are age 60 and older.

Consumers 19 and younger are Sackville Screamers major target market. They believe people in

the 20-35 age range are about 75% as likely to buy their product as the 19 and under group,

people 36-59 are 30% as likely to buy the product as the 19 and under group and people 60 and

older are 5% as likely to buy the product as the 19 and under group. What is the weighted cost

per thousand of this advertisement? (the most important segment is given a weight of 1 and the remaining weights are less than 1)(20 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Marketing

Authors: Philip Kotler, Gary Armstrong

14th Edition

132167123, 132997266, 9780132997263, 978-0132167123

More Books

Students also viewed these Marketing questions