Refer to the Following Passage to Answer the Questions Below

question 119

Essay

Refer to the following passage to answer the questions below.
Haley and Lauren,who recently graduated with MBAs,are opening a new shoe boutique called The Pampered Soul in Hattiesburg,Mississippi,which is classified as a Metropolitan Statistical Area (MSA)with more than 100,000 people.It's also home of The University of Southern Mississippi.Haley and Lauren will offer national brands of shoes that are not available in the department stores in the mall,and their primary target market will be women ages 18 to 35.They've rented a location on the main street in front of the USM campus.The owners realize that most of their business will come from within a five-mile radius and want to limit their advertising to those potential customers.They have a modest budget for advertising,so they want to get as much out of it as they can.
-Haley and Lauren are trying to figure out how many people will see their newspaper advertisements.They saw that the Hattiesburg American had very different numbers for readership and circulation.Why is that?

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Definitions:

Alexander Gardner

A notable 19th-century photographer, known for his documentation of the American Civil War and his portraits of famous figures.

Limited Warranty

A warranty with certain conditions and limitations on the parts covered, duration, or service provided.

Signal

An action or indicator that conveys information to market participants or other parties, often influencing decisions or behaviors.

Principal-Agent Relationship

A situation in which one party (the principal) grants another party (the agent) the authority to act on their behalf, often subject to a contract.