Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sprint 9:37 PM Back Chapter 8 worksheet.docx 1. Be sure to use complete sentences and proper labeling (numbers, dollars, Make sure to review the grading

image text in transcribed
image text in transcribed
Sprint 9:37 PM Back Chapter 8 worksheet.docx 1. Be sure to use complete sentences and proper labeling (numbers, dollars, Make sure to review the grading rubric in Canvas Be sure to show all of your calculations A retailer expects to sell S32,000 worth of hammers in a typical month without advertising. The marketing manager decided to try several different promotions to test the effectiveness. Note that each promotion is only run in the month indicated. In other words, to test effectiveness the marketing manager does not overlap promotions. May Newspaper coupon-$2.200 533,00 ,000 June Radio ad- $1,200 ully Direct mail coupon- $5,300 540,000 10,000 August Email peomotion- $1,000 53,000 8,000 33,000 S0.08 50.08 0.08 $1,000 Direct mail 55,000 S0 1. Calculate the Incremental sales for each promotion a. Newspaper coupon b. Radio ad c. Direct mail coupon d. Email promotion 2, Calculate the Lift % for each promotion a. Newspaper coupon b. Radio ad c. Direct mail coupon d. Email promotion 3. Calculate the cost of incremental sales for each promotion a. Newspaper coupon b. Radio ad c. Direct mail coupon d. Email promotion 4. Which is the most efficient? Why? 5. Which is least efficient? Why? 6. Which would you run again? Why? 7. Calculate the redemption rate for each coupon a. Newspaper coupon b. Direct mail coupon c. Email promotion Courses Calendar To Do Notifications Inbox

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

The Internal Auditing Pocket Guide Preparing Performing Reporting And Follow Up

Authors: J.P. Russell

2nd Edition

1636941303, 978-1636941301

More Books

Students also viewed these Accounting questions

Question

=+3. What are the characteristics of media enterprises?

Answered: 1 week ago

Question

=+1. What are the product specifications of media products?

Answered: 1 week ago