Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company that sells pecans and makes candy from the pecans decided to use a lifestyle marketing campaign. The costs for the booth, employees, samples,
A company that sells pecans and makes candy from the pecans decided to use a lifestyle marketing campaign. The costs for the booth, employees, samples, and signage are shown in Figure 8.24. The company sold pecans and candy at the fair. The owner felt that by looking at sales for 90 days following the event, he would get a good idea of the impact. Using the data provided, calculate the net marketing contribution. What is your evaluation of the campaign?
Variable | Amount |
Booth Rental (Cost) | $250 |
Employees (Cost) | $720 |
Samples (Cost) | $322 |
Signage (Cost) | $625 |
Sales at the Fair | $1,358 |
Cost of Goods Sold (%) | 62% |
Increase in Sales (90 days following) | $2,719 |
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