(All Steps) . Sam Malone is a regional media consultant for Beacon Hill Images, Inc., a Boston-area marketing firm. Malone has gathered the following data
Question: . Sam Malone is a regional media consultant for Beacon Hill Images, Inc., a Boston-area marketing firm. Malone has gathered the following data on weekly advertising media expenditures and gross sales for a major client. Bull & Finch Pub.
Gross Sales Following Promotion in the following Media:
| Advertising | ||||||
| Expenditure | Newspaper | Radio | Television | |||
| $0 | $10,000 | $10,000 | $10,000 | |||
| 100 | 12,000 | 14,000 | 13,000 | |||
| 200 | 13,800 | 17,600 | 15,600 | |||
| 300 | 15,400 | 20,200 | 18,000 | |||
| 400 | 16,600 | 22,000 | 18,600 | |||
| 500 | 17,200 | 22,400 | 18,800 | |||
-
Complete the following table showing marginal sales following promotion in each media:
Advertising Expenditure Newspaper Sales Marginal Sales per $100 Radio Sales Marginal Sales per $100 Television Sales Marginal Sales per $100 $0 $10,000 $10,000 $10,000 100 $12,000 $14,000 13,000 200 $13,800 $17,600 15,600 300 $15,400 $20,200 18,000 400 $16,600 $22,000 18,600 500 $17,200 $22,400 18,800
b. If the Bull & Finch Pub has an advertising budget of $500 per week, how should it be spent? (How much should be spent on radio, television and newspaper?)
c. Calculate Bull & Finch Pubs’ maximum weekly sales.
Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document