Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mexico plant. 9. Promotional Budgeting. The Westchester Chamber of Commerce periodically spon- sors public service seminars and programs. Currently, promotional plans are under way

image text in transcribed

Mexico plant. 9. Promotional Budgeting. The Westchester Chamber of Commerce periodically spon- sors public service seminars and programs. Currently, promotional plans are under way for this year's program. Advertising alternatives include television, radio, and online. Audience estimates, costs, and maximum media usage limitations are as shown: Chapter 12 Linear Optimization Models Television Radio Online Constraint Audience per advertisement 100,000 18,000 40,000 $2,000 $300 $600 Cost per advertisement 20 10 10 Maximum media usage To ensure a balanced use of advertising media, radio advertisements must not exceed 50% of the total number of advertisements authorized. In addition, television should account for at least 10% of the total number of advertisements authorized. a. If the promotional budget is limited to $18,200, how many commercial messages should be run on each medium to maximize total audience contact? What is the allocation of the budget among the three media, and what is the total audience reached? b. By how much would audience contact increase if an extra $100 were allocated to the promotional budget?

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

Intermediate Accounting

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

8th edition

978-1259997525, 1259997529, 978-1259548185

More Books

Students also viewed these Accounting questions