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The audience measurement practice for a product launch aimed at young, affluent male auto enthusiasts. The company has a budget of $3,200,000 and must choose one event among super bowl, daytona 500, academy awards, and indianapolis 500 to advertise during. The goal is to maximize total exposures, targeted exposures, reach, and frequency. Spot rates, expected viewers, and the percentage of the audience that is targeted for each event. The reader is asked to determine gross impressions (gimp), targeted impressions (timp), gross rating points (grps), target rating points (trps), reach, and frequency for each scenario.
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Audience Measurement Practice Total Population: 150,000, We have developed a 30-second TV spot to air this year, aimed at launching a new product to our target of young, affluent, male auto enthusiasts. We have a budget of $3,200,000 allocated for the product launch. Our account planner has decided that a Big Bang approach is needed, and so all of the money needs to be spent within days of the product launch, but we can time the product launch when we want. Below are the options he has suggested. Because of the scheduling of these events, we can only choose one. Spot Rates Expected Viewers % of audience is targeted Superbowl: $2,200,000 62,500,000 16% Daytona 500: $1,200,000 32,000,000 25% Academy Awards: $1,100,000 32,000,000 10% Indianapolis 500: $ 440,000 12,500,000 40% Which event should we advertising during, and how many spots during the event should we buy in order to maximize TOTAL exposures? Maximize TARGET exposures? Maximize REACH? Maximize FREQUENCY? For each scenario above, determine GIMP, TIMP, GRPs, TRPs, Reach, and Frequency.