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Increasing promotion budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in wwareness, while the second million

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Increasing promotion budgets eventually result in diminishing returns. The first one million dollars typically results in a 26% increase in wwareness, while the second million results in adding another 18%, and the third million another 5% Erie's product Eat currently has an awareness of 84% While an important product for Erie, Eat's promotion budget will be reduced to one million dollars for the upcoming year. Assuming that Eat loses one-third of its awareness each year, what will Eat's awareness level be next year? 845 589 82% 954

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