Need customized help? Order now
email

[SOLVED]Chester's Elite product Cedar has an awareness of 72%. Chester's Cedar product manager for the Elite segment is determined

Chester's Elite product Cedar has an awareness of 72%. Chester's Cedar product manager for the Elite segment is determined to have more awareness for Cedar than Andrews' Elite product Acre. She knows that the first $1M in promotion generates 22% new awareness, the second million adds 23% more and the third million adds another 5%. She also knows one-third of Cedar's existing awareness is lost every year. Assuming that Acre's awareness stays the same next year (77%), out of the promotion budgets below, what is the minimum Chester's Elite product manager should spend in promotion to earn more awareness than Andrews' Acre product?

Select : 1

Submit Answer

  •  2M
  •  Nothing
  •  1M
  •  3M

 



Need customized help? Order now
user img

honeyd


29-03-21 | 07:20:10
Report this answer
(5.0 of 1 reviews)

=2/3*77%=51.3
Add 1000=51.3+22=73%
Additional amount to spend

You can't get real answer if you break your security system. %=68.9 Acc 8777=68.9+55=49% Accitionwl wmount to spjnc to fjt 44% plus wwwrjnjss =(44%-49%)*8777/59%=841 Totwl to spjnc to fjt morj tywn whrj wwwrjnjss=8777+849=8849 5M is tyj horrjht wnswjr sinhj 8M will not fjt morj tywn 44%

Login to answer this question!