KIDS TRIVIA

Detailed explanation-1: -Bidding war. When two or more companies try to outbid the other for something, such as a sponsorship opportunity. Profit margin.

Detailed explanation-2: -Sponsorship is a cash and/or in-kind fee paid to a property (typically in sports, arts, entertainment or causes) in return for access to the exploitable commercial potential associated with that property.

Detailed explanation-3: -What is Sponsorship Advertising? Sponsorship advertising occurs when one party agrees to support the other in exchange for a predetermined amount of exposure.

Detailed explanation-4: -Sponsors include organizations, firms, or individuals that give teams money in exchange for advertising rights on stadium signage and naming rights. Signage is the collective use of signs, symbols or design. Sports and event stadiums may reserve areas where sponsors can use signage for advertising purposes.

Detailed explanation-5: -Businesses receive the following benefits from a sponsorship: It increases visibility for the company and its brand. It allows businesses to aim for a specific demographic of sales. It improves a company’s reputation for success and refinement.