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Bark Bits Company Is Planning an Advertising Campaign to Raise

Question 3

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Bark Bits Company is planning an advertising campaign to raise the brand loyalty of its customers to 0.80.
a.The former transition matrix is as follows:
Bark Bits Company is planning an advertising campaign to raise the brand loyalty of its customers to 0.80. a.The former transition matrix is as follows: What is the new one? b.What are the new steady-state probabilities? c.If each point of market share increases profit by $15,000,what is the most you would pay for the advertising?
What is the new one?
b.What are the new steady-state probabilities?
c.If each point of market share increases profit by $15,000,what is the most you would pay for the advertising?

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