Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The staff of IW Group, an advertising agency, has been in meetings all week about a new product that they have been retained to promote.

image text in transcribed

The staff of IW Group, an advertising agency, has been in meetings all week about a new product that they have been retained to promote. It has been determined that the target market for the product is children ages 11-13 and their parents. The product has been packaged to reach that audience. They have determined that the company would like to capture 25 percent of the market for their product within four months of its launch and that the best time to launch it is September to hit the Christmas sales market. They anticipate increasing the market by 5 percent per month after the initial release. They have developed an advertising platform and a budget for the six months following launch of the product. They are currently in the process of determining which media to use and how to incrementally increase the advertising in each media outlet in order to reach the largest proportion of the target audience possible for each dollar spent. What stage of advertising promotional planning are they in currently? Develop the media plan Create the advertising message Execute the campaign Evaluate advertising effectiveness Determine the advertising appropriation

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

Principles of Supply Chain Management A Balanced Approach

Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong

5th edition

1337406499, 133740649X, 9781337672016 , 978-1337406499

More Books

Students also viewed these General Management questions

Question

What is meant by the term safety time?

Answered: 1 week ago

Question

14. What is cost-benefit analysis?

Answered: 1 week ago