Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Chamber of Commerce periodically sponsors public service seminars and programs. Currently, promotional plans are under way for this year's program. Advertising alternatives include television,

The Chamber of Commerce periodically sponsors public service seminars and programs. Currently, promotional plans are under way for this year's program. Advertising alternatives include television, radio, and newspaper. Audience estimates, costs, and maximum media usage limitations are as shown:

Constraint Television Radio Newspaper
Audience per advertisement 150,000 17,000 35,000
Cost per advertisement $1,500 $250 $500
Maximum media usage 12 18 11

To ensure a balanced use of advertising media, radio advertisements must not exceed 45% 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 $24,000, how many commercial messages should be run on each medium to maximize total audience contact?
Advertisement Alternatives No of commercial messages
Television
Radio
Newspaper
What is the allocation of the budget among the three media?
Advertisement Alternatives Budget ($)
Television $
Radio $
Newspaper $
What is the total audience reached?
(b) By how much would audience contact increase if an extra $100 were allocated to the promotional budget?
Increase in audience coverage of approximately

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

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions