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 110,00017,00030,000
Cost per advertisement $2,500 $300 $500
Maximum media usage 102310
To ensure a balanced use of advertising media, radio advertisements must not exceed 40% 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? If your answer is zero enter 0.
Advertisement Alternatives No of commercial
messages
Television
Radio
Online
What is the allocation of the budget among the three media?
Advertisement Alternatives Budget Allocation
Television $
Radio $
Online $
What is the total audience reached?
(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.
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

Wildlife Ecology Conservation And Management

Authors: Anthony R. E. Sinclair, John M. Fryxell, Graeme Caughley

2nd Edition

1405107375, 978-1405107372

More Books

Students also viewed these General Management questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

Define intercultural conflict

Answered: 1 week ago