Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

The Westchester 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 online. Audience estimates, costs, and maximum media usage limitations are as shown.

Constraint Television Radio Online
Audience per advertisement 400,000 72,000 160,000
Cost per advertisement $2,000 $300 $600
Maximum media usage 10 20 10

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 $20,500, how many commercial messages should be run on each medium to maximize total audience contact?

Television

Radio

Online

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

(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.)

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

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

More Books

Students also viewed these Accounting questions

Question

3. Experiment with cooperative learning activities.

Answered: 1 week ago

Question

What is worldwide interoperability for microware access ( WiMAX ) ?

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago