GENERAL KNOWLEDGE

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GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In a sponsorship agreement, the sponsor’s privilege of having its goods or services used at the event ____
A
Product positioning
B
Product yoga
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Sponsorship Agreements generally permit the sponsor company to benefit from the image, reputation, success or publicity profile of the individual sportsperson or organisation in exchange for some kind of financial consideration.

Detailed explanation-2: -Sponsoring something (or someone) is the act of supporting an event, activity, person, or organization financially or through the provision of products or services. The individual or group that provides the support, similar to a benefactor, is known as the sponsor.

Detailed explanation-3: -A sponsorship is when a company commits money or resources to a nonprofit event or program in exchange for specific promotional benefits. In exchange for supporting the nonprofit, the company gets their name and logo on things like: Banners. T-shirts or wearable swag.

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