Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BUS 205 unit 4 discussion: How much share of voice can you afford? How much would it cost to buy every minute of commercial time

BUS 205 unit 4 discussion: How much share of voice can you afford? How much would it cost to buy every minute of commercial time in the Super Bowl? You can't afford to buy it all, but you can buy some fraction of it. Attaining high SOV usually means spending more than your competitors. If your analysis suggests that your competitors spend $5 million on media buys, then you need to spend $5 million just to match them and achieve a 50% SOV. If the competition has cut back on spending (such as during an economic downturn like we're now experiencing), then you might maintain your current level of ad spending and still garner a high SOV. If your company has many competitors or bigger competitors, you may find it impossible to outspend them to achieve a high SOV

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

E-Marketing

Authors: Judy Strauss, Raymond Frost, Adel El Ansary

5th Edition

0136154409, 9780136154402

More Books

Students also viewed these Economics questions

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago