Exam 5: Media Planning and Strategy: Evaluating Efficiency and Effectiveness

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HUT and PUT can be used interchangeably when it comes to TV measurement.

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One percent reach is the equivalent of one rating point.

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Since each medium can rarely due the job on its own, it is important to evaluate all possible vehicles to insure the most strategic plan.

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When evaluating media costs you have both absolute costs (i.e., unit costs for the ads you are buying) and efficiency costs (i.e., CPM and CPC)

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A popular method of targeting involves sociographics which help explain the psychological differences amongst consumers of your brand.

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CPM is the best apples to oranges comparison when evaluating media vehicles.

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To calculate TAIs, you multiply percentage reach (R%) by frequency (F) - TAI = R% x F.

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Media planning is not just a science, it is also an art.

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Both CPM and CPP are used to evalute media efficiencies.

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A good strategy statement would be ""To reach 80% of the taret audience at least three times a week.""

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A timeline for developing the plan with specific check points should always be included along with the mandatories.

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Coupons are commonly used in outdoor advertising as they are easy to integrate into the creative execution.

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Working dollars are those monies in the budget allocated to the creation of programs.

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The media mix is the recommendation for when to deploy media efforts to meet the objectives.

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Legal requirements must be considered when developing creative messages for prescription drugs and contests but not for financial companies.

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Media strategy is the specific strategy of using media whereas tactics are the specific media vehciles.

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Many advertisers try to select advertising media that reach followers, in hopes of persuading these individuals to learn about products and services and then tell others about them

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Contingeny dollars are those set aside for a variety of situations.

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The average commercial pod has between two and five advertisements.

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The only way to determine a communications budget is to use the percent of sales method.

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