ENTREPRENEURIAL MARKETING
PROMOTION STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For profit
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Nonprofit
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Either A or B
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None of the above
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Detailed explanation-1: -Cause marketing involves a collaboration between a for-profit business and a nonprofit organization for a common benefit. Cause marketing can also refer to social or charitable campaigns put on by for-profit brands.
Detailed explanation-2: -Nonprofit marketing refers to the tactics and strategies nonprofit organizations use to raise donations and spread their message. Nonprofit marketing includes a wide range of activities, such as direct mail marketing, mobile marketing, content marketing, and social media marketing.
Detailed explanation-3: -Cause-related marketing (CRM) is a mutually beneficial collaboration between a corporation and a nonprofit designed to promote the former’s sales and the latter’s cause.