Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 of 15 -/1 LUFTEN ALLE HIUgies Bohlander Botanicals develops hybrid tea roses. A relative newcomer to the field, Bohlander is looking for innovative

image text in transcribed
Question 9 of 15 -/1 LUFTEN ALLE HIUgies Bohlander Botanicals develops hybrid tea roses. A relative newcomer to the field, Bohlander is looking for innovative ways to advertise its products to potential customers. Rose Mayfield, sales manager and avid online shopper, wonders about advertising the company's roses on various gardening websites. She has contacted Kimland Media, Inc., an advertising firm specializing in Internet advertising campaigns, to explore some options. After meeting with Rose, Sami Landon, regional sales coordinator, has suggested that Bohlander use a targeted marketing strategy by placing banner ads on a few gardening websites. Bohlander would pay for the service based primarily on the number of ad impressions (the number of times the ads are shown). Using past campaigns as a guide, Sami has prepared the following quarterly estimate for Bohlander. Banner ad development (6 banners per quarter) Banner ad placement Estimated ad impressions Banner ad click-throughs $7.200 $1.50 per thousand impressions 1,000,000 $0.60 per click through From past experience, Kimland Media estimates that 1% of all viewers will "click through the banner ad to Bohlander's website. Of those viewers who click through, Kimland estimates that 20% will actually make a purchase. (a) What is the expected total cost per quarter of Bohlander's Internet advertising campaign? $

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

Food Hygiene Auditing

Authors: N. Chesworth

1997th Edition

1461380545, 978-1461380542

More Books

Students also viewed these Accounting questions

Question

What is a message in the context of data communications?

Answered: 1 week ago