BUISENESS MANAGEMENT
LEGAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of America has a contract with the Carolina Panthers to be the only organization to have its name on their stadium. What is the concept referred as?
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Exclusivity
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Collective Bargaining
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Free Agency
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Players’ Associations
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Explanation:
Detailed explanation-1: -And BofA, of course, has Bank of America Stadium. Its name is synonymous with the Carolina Panthers, and it will be at least until 2024, when its sponsorship contract runs out (and Wachovia has a chance to bid). BofA shells out approximately $7 million a year for those naming rights.
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