How can advertising efficiency be measured?
How can advertising efficiency be measured?
Managers can keep track of their advertising efficiency in the following areas:
a.Advertising costs incurred per hundred target customers .
b.The percentage of audience who viewed or noticed or associated and read the advertisement or listened to it (depending upon the medium)
c.Opinions of the consumers on the advertisement : how they found it. Obtaining their feedback whether positive or negative.
d.Purchase response of the consumers after coming across the ad.
e. Inquiries generated by the add: (how many and how frequent).