Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are responsible for an online advertising campaign for your company. As part of your strategy you selected to advertise on a major social media

You are responsible for an online advertising campaign for your company. As part of your strategy you selected to advertise on a major social media website. In the prior month there were 40,000 visitors to the site. Of those visiting, 83% percent were served your advertisement resulting in 540 click throughs. Those click throughs generated a purchase rate of 1 in 7. Your spend on this month was $680. In your monthly report to senior managers you are responsible for reporting 5 key metrics relating to the campaigns performance, specifically Click Through Rate, Cost Per Impression, CPM, Cost Per Click, and Cost Per Purchase. Complete the answers to these 5 calculations given the information provided. What is the cost per impression: What is the cost per click: What is the CPM: What is the cost per purchase: What is the click through rate:

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_2

Step: 3

blur-text-image_3

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 Managerial Finance

Authors: Chad J. Zutter, Scott Smart

16th Edition

0136945880, 978-0136945888

More Books

Students also viewed these Finance questions

Question

10. What changes are information systems bringing to health care?

Answered: 1 week ago