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PLEASE SHOW HOW EXCEL WORKSHEET SHOULD LOOK AND BE ORGANIZED. I CANNOT FIGURE OUT HOW TO INPUT MY INFORMATION AND HOW TO RUN THE SOLVER
PLEASE SHOW HOW EXCEL WORKSHEET SHOULD LOOK AND BE ORGANIZED. I CANNOT FIGURE OUT HOW TO INPUT MY INFORMATION AND HOW TO RUN THE SOLVER WITH THE CONSTRAINTS TO GET THE ANSWER.
The Green Corporation is a software startup company in need of a marketing plan for exposure in the marketplace. The Green Company has hired your marketing firm to assist in making these management decisions.Exposure Rating per Medium
Your marketing firm has provided the following information about the industry exposure effectiveness rating per ad their estimate of the number of potential new customers reached per ad and the cost for each ad in the table below.
Exposure Rating per Medium
Media
Exposure Rating
per Ad
New Customers
per Ad
Cost
per Ad
TV first ads
$
TV more than ads
$
Radio first ads
$
Radio more than ads
$
Internet first ads
$
Internet more than ads
$
The exposure rating is based on the value of the ad to potential new customers. It is a function of a variety of variables such as image, message recall, visual and audio appeal.
TV Exposure
As shown in the above chart, TV advertisement has the highest exposure effectiveness rating along with the greatest potential for reaching new customers up to the first ads. Both the exposure rating and new customers per ad decrease for more than ads but cost the same as the first ads.
Radio Exposure
The next medium, radio, is more effective on both exposure and new customers per ad on the first ads and decreases to the numbers shown in the chart above for more than ads at the same cost per ad
Internet
The last medium proposed, internet, is more effective on both exposure and new customer per ad on the first ads, decreasing on both variables for ads of more than at the same cost.
Budget and Guidelines
The Green Corporations marketing budget is limited to $ in total. To balance the advertising campaign and make use of all advertising media, The Green Corporation management team also has adopted the following guidelines:
Use at least twice as many radio advertisements as television advertisements.
Use no more than television advertisements.
The television advertising budget should be at least $
The radio advertising budget is restricted to a maximum of $
The internet advertising budget is to be at least $
At least potential customers must be reached.
Your marketing firm has agreed to work within these guidelines and provide a recommendation as to how the $ advertising budget should be allocated among television, radio, and internet advertising for the Green Corporation
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