Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Westchester Chamber of Commerce periodically sponsors public service seminars and programs Currently, promotional plans ore under way for this year's program Advertising alternatives
The Westchester Chamber of Commerce periodically sponsors public service seminars and programs Currently, promotional plans ore under way for this year's program Advertising alternatives include television, radio, and online. Audience estimates, costs, and maximum media usage limitations are as shown. Constraint Television Radio Online Audience per advertisement Cost per advertisement 400,000 72,000 160,000 $2,000 $300 $600 10 20 10 Maximum media usage To ensure a balanced use of advertising media, radio advertisements must not exceed 50% 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 $25,100, how many commercial messages should be run on each medium to maximize total audience contact? Television Radio Online 5 15 10 What is the allocation of the budget among the three media, and what is the total audience reached? Television Budget (in dollars) Radio Budget (in dollars) Online Budget (in dollars) Total Audience $10000 $4500 $6000 4560000 x (b) By how much would audience contact increase if an extra $100 were allocated to the promotional budget? (Round your answer to the nearest whole number.) 20622
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To answer the questions provided in the image correctly Question a If the promotional budget is limited to 25120 how many commercial messages should b...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started