Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company spent $ 2 0 , 0 0 0 on marketing for a promotion, which resulted in incremental sales of $ 5 0 ,

A company spent $20,000 on marketing for a promotion, which resulted in incremental sales of $50,000. The baseline sales for the period without promotion were $100,000. Calculate the lift (sales growth) from the promotion.

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_2

Step: 3

blur-text-image_3

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

Restaurant Concepts, Management, And Operations

Authors: John R Walker

8th Edition

1119393582, 9781119393580

More Books

Students also viewed these General Management questions

Question

What factors commonly influence a person's daily buying choices?

Answered: 1 week ago

Question

df hardware case T - 1

Answered: 1 week ago