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The store is set to open at the start of the new year (with a Grand Opening scheduled to be held on February 1). You

The store is set to open at the start of the new year (with a Grand Opening scheduled to be held on February 1). You have the following information:

Medium

Costs

Production Time

Special Notes

Television

6pm-10pm= $750

10pm-2am=$500

2am-6am=$150

6am-10am=$350

10am-2pm=$350

2pm-6pm=$400

4 weeks for professional shooting and editing

Each occurrence represents a 1-time, 30-second advertisement cost

Radio

6pm-10pm=$225

10pm-2am=$100

2am-6am=$25

6am-10am=$250

10am-2pm=$200

2pm-6pm=$275

1 week for recording and editing

Each occurrence represents a 1-time, 30-second advertisement cost

Yellow Pages

1,500

Takes 3 weeks for next edition to be released

Advertisement will run for 6 months (until new edition comes out)

Direct Mail

$4,000 for 5,000 households

Takes 2 weeks for distribution

Only sold in bulk mailing sets of 5,000 households (approximately the number of individuals in a ZIP Code)

Online Banner on local media website (WTOL, Toledo Blade, News Messenger, etc.)

$5,000

Can be displayed in one week

Featured location on the website to run consistently for one month

Newspaper Classified

$450

Instantly ready to run

3-line classified to run for one 7-day week

Local Fremont magazine

$750

Will appear in next monthly issue

page advertisement


You have $10,000 to spend on advertising to attract the public to your store for its February 1 "Grand Opening". Discuss how you would spend your advertising budget and why chose your particular strategy. Please be as specific as possible about discussing how you allocated your budget (e.g., if you chose television, discuss which channels would be appropriate for target marketing and why you felt TV would be worthy of your money).

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