The document discusses key concepts in media planning including reach, frequency, impressions, gross rating points (GRPs), and considerations for choosing media based on objectives. It explains that reach refers to the percentage of the target audience exposed to an ad, while frequency is the number of exposures each household receives. Impressions are the total exposures and GRPs represent the weight of a media schedule calculated as reach multiplied by frequency. The document also discusses when greater reach or frequency is more appropriate based on goals and provides examples of calculating costs per thousand (CPM), cost per target person (TCPM), and cost per rating point (CPRP).