which of the following is true of event sponsorships

CRISIS AT CAPITOL 4 Dead, At Least 82 Arrested After Pro-Trump Mob Storms U.S. Capitol Menu The oldest, most widely used, and most effective sales promotion tool is: The most popular method of distributing contributions to consumer is through: Which of the following have the highest redemption levels of all types of coupons? What is an event sponsorship package? They are highly useful public relations tools. C. It leverages the ________ base for emotional appeals. They are always looking for ways to … 5) Under Armour used ________ ads to create interest and excitement around a new product introduction for its Armour39 performance monitoring system. Businesses, big or small, are happy to sponsor events that are relevant to their ideas. Which of the following statements describes how brand equity is affected by the increased use of sales promotion? Organization sponsors support nonprofits year-round through regular giving and involvement. Event sponsorships provide fresh material to expand your content strategy. D) It can lead to advertising wear-out. A. You should also decide if your involvement will help you achieve your goals, whether that’s measured by new names, new opportunities, and new pipeline. Charlie, however, imposed the following additional requirements: If a third-party competitor proposes to sponsor the event, Charlie has the right to revise the agreement to include identical or more favorable terms. 3) Emma has been hired to promote a membership-only genealogical website, which provides demographic information on over one billion people. Which of the following statements is true about public relations? 15) ________ is a nontraditional form of advertising that blends marketing and recreation through television, film, music talent, and technology. Which of the following is true about a continuous advertising schedule? You can find unlimited opportunities to broaden your competitive advantage with this in mind. Event sponsors give you the resources you need to take your event to the next level. Corporations can donate money, volunteers, auction items, bar items, underwrite … Event sponsorship objectives are often part of an organization's public relations activities. She has gathered all the relevant environmental information and has studied the project closely. A) using a sales promotion to attract users of a competing brand. 10 Sprint - $205 million. B. However, event sponsorships offer a way to get in front of a specific target audience that may have been inaccessible otherwise. True, MAGIC is able to maintain its image as the leading industry event by granting retailers access to a very large community of buyers, but it also does so by the innovative ways in which it showcases sponsors. Which of the following types of sales promotions are also called continuity programs? 14) Which of the following is a disadvantage associated with movie theater advertising? 12) Kevin sees an ad for Crixus Car Rental on a luggage trolley at the airport. Lets start off by getting on the same page through defining what an ev… Which of the following is accurate concerning event sponsorship today? Some numbers may even be underestimated, as it does not yet include the money it pays out to athlete endorsers. Companies are especially interested in sponsoring events if the sponsorship can give the brand the exposure it needs in regards to a specific demographic. Whether you’re organizing a big international meeting, a fundraising event for your NGO or a startup party, finding a sponsor is one of the top promotional activities you have to consider while planning your event.. Sponsors can help you reducing the overall costs of the event, increasing the number of attendees and improving the user experience. Design your event to attract sponsors. 27) Those who value individual effort and hard work and believe that material possessions are evidence of success are likely to accept materialism as a part of the. Here are some of the most head-scratching, amusing and awful sponsorships in the world of sports today. Find Your Perfect Sponsor Now. Sales promotion techniques can be classified as either trade- or consumer-oriented. It’s hard to imagine a company would be willing to provide a large chunk of the funding needed to run your event. Subsequently, he saw an ad on his screen that invited him to subscribe to the print version of Excursion 2.0 magazine. 4) Purchase motives such as convenience, comfort, economy, and performance are used as a basis for generating ________ appeals through advertising. Sales promotion is essentially an acceleration tool, designed to speed up. Per IRS rules, nonprofits can acknowledge sponsors by mentioning or displaying the following: company name, company logo, product lines and contact information (address, phone number, web address). In fact, 30% of people who watch a livestreamed video will attend that same event the following year. Sports sponsorship events no longer draws the biggest share of advertisement funds. E) Event sponsorship objectives are often part of an organization's public relations activities. Before we dive into the steps, it would be worthwhile to properly define event sponsorship. 11) Which of the following statements about event sponsorships and event marketing is true? Your sponsorships should form a pyramid, with several small ones at the bottom, and fewer as it reaches the top. An event sponsorship can be defined as a critical source of funding for all kinds of events where companies, nonprofits, and small businesses give a certain amount of cash or incentives, in exchange for both visibility and brand awareness at an event. 12. Public relations is a short term strategy of enhancing the image of the company. b. c. An emerging trend in event sponsorship is to offer face-to-face encounters between consumers and the brand. Which of the following is true of event sponsorships? We need to change the way we think about sponsorship, from that of begging for money to offering a real partnership opportunity and charging fair market value for the opportunity. 25) In ________, marketers use nudity, sexual suggestiveness, or other startling images to get consumers' attention. Tip: Don’t just offer your sponsors the generic bronze/silver/gold package. a. Corporate sponsorship is a form of advertising in which companies pay to be associated with certain events. Sprint is the main sponsor of NASCAR’s premier series, which is called the Sprint Cup Series. 3) Which of the following statements about event sponsorships is true? This is particularly true in the trade show arena. Event sponsorship is a sales job, and that means cultivating positive relationships with potential sponsors over time. It wanted to create some suspense and mystery for the new product. Businesses are embracing the idea of shared marketing greatly. A sponsorship package is an agreement that implies the support of an event or an activity by an external brand. You can even apply the donor pyramid or gift chart that works so well for fundraising campaigns to your event sponsorships. It’s pretty common to think of a sponsorship package as a contract established between an event organiser and a sponsor. 24) Which of the following is the right classification for advertisements that project sexually appealing images that don't have much relevance to the products that they advertise? This includes Corporate Social Responsibility (CSR) campaigns, program sponsorships, in-kind gifts, pro-bono support, and more. The following includes a few ideas that many event organizers tend to overlook, but may be easily noticed just by referencing the NFL's strategy listed above: Marketing experts argue that higher spending on sales promotion is at the expense of media advertising which leads to a decline in brand equity. Some of these techniques can accomplish more than one objective. Consider using marketing techniques to increase your credibility, improve your image, and build prestige when you sponsor events that attract your target market. A ________is an offer of an item of merchandise or service either free or at a low price that is an extra incentive for purchasers. Learn even more about how to get sponsors for an event, get a free eBook! T/F 22) An action that is legal is always ethical. A) It is less difficult to evaluate than a pulsing schedule. So, how do you increase the value of your event without spending more money or increasing prices? D) There are numerous ways for consumers to access social media. 'The New Rules of Event Sponsorships' takes a hard look into what’s changed and … Using the Super Bowl sponsorship opportunities as a basis, it's easy to recognize just how many sponsorship directions any community event or corporate outing may find. C. They are unsuitable for gaining affinity with target audiences. Which of the following statements is likely to strengthen her argument? Which the following sales promotion tools can be used to accomplish the marketing objectives of customer retention/loading, and to help build brand equity? New and affordable technology has changed event sponsorships. Which of the following statements is true? Which of the following is a reason for this? 9) When MillerCoors used a Taste Challenge promotion to help regain market share for Miller Light against Bud Light and other brands of light beer, it was. C) It is much less expensive than a flighting schedule. E) Advertising and promotional actions are highly visible and subject to scrutiny. A.Direct marketing is being used as a promotional media tool only after the invention of the Internet. A.The amount of money spent on event sponsorships has been declining in recent years B.Event sponsorships are not typically integrated into a company’s marketing communications strategy C.Event marketing and event sponsorship are synonymous Which of the following statements about event sponsorships and event marketing is true? Once a sponsor is interested, it’s time to craft a sponsorship … The traditional way to offer sponsorship was generally in the form of packages; predefined placements for a predefined price. Emma is in the ________ step of the creative process outlined by Graham Wallas. 16) An agreement that states that Rochelle brand cosmetics would pay a fee to have its products prominently featured in 20 episodes of the soap opera Proclivity is an example of. Here are the 10 biggest sponsors of events and sports in the world. _______ is an objective of a trade-oriented sales program. E) It is more effective than a pulsing schedule for seasonal products. Charlie has the right to display its name and logo on all promotional material regarding the event. C. Public relations is not concerned with the evaluation of public attitudes. Public relations is same as publicity. Event organizers should know that they can find great events sponsors. Live video can extend your reach and have a real impact on your bottom line. What is Event Sponsorship? Sponsorship package #2: Sponsored livestreams. Some of these techniques can accomplish more than one objective. A. Due to the economic recession, event spending worldwide has decreased. D. They are a poor platform from which to build equity and gain affinity with target audiences. 8) Which of the following statements is true about the growth of direct marketing? Event organizers that want you to sponsor their events in exchange for a logo on the program are not interested in helping you, as a sponsor brand, reach your goals. Banish bronze, silver and gold event sponsorship packages right now. B) Event marketing, unlike other forms of promotion, is ineffective in connecting with consumers in an environment where they are comfortable with receiving a promotional message. Which of the following statements about event sponsorships and event marketing is true? B. They are typically inexpensive. Probably the most common trade promotion is some form of trade allowance - a discount or deal offered to retailers or wholesalers to encourage them to stock, promote, or to display the manufacturer's products.. Types of allowances offered to retailers include: When a brand moves to the maturity stage, advertising is primarily a reminder to keep consumers aware of the brand. 21) Which of the following is true of social media? 1) Which of the following is one of the five major divergence factors for determining creativity that refers to ads that contain different ideas or switch from one perspective to another? A) It consisted mainly of static sites resulting in a one-way flow of communication. It doesn’t mean that they won’t be flexible in creating a custom sponsor offering that does help you reach your goals, however. 17) Which of the following statements is true of Web 1.0? C) more specifically target customers who may be interested in their offerings. ... integrity of a study participant or the scientific value of the trial — within seven days of becoming aware of the event. According to ESP, 98 percent of sponsors uses social media to promote their involvement. The ad is an example of, 13) Outdoor advertising would best be suited for a company whose communication objective is to. A) Children require cognitive defenses against misleading advertisements. 18) After Jones finished reading an article titled "101 Places To Visit Before You Die" in the travel website Excursion 2.0, he closed the page. They are designed to increase long-term brand preference. To do so they just need to stick to 5 key principles of event sponsorship. Sponsor responsibilities under good clinical practice (GCP) guidelines are extensive. But they've become hard to win — and harder to retain. 11) Which of the following statements about event sponsorships and event marketing is true? 7) An ad featuring actor/singer Victoria Justice for the "Body by Milk" integrated marketing campaign talks about how milk can help teens look their best. One reason for consumer's increased sensitivity to sales promotions is: Which of the following are reasons for increase in sales promotion? Marketers can use sales promotion techniques to accomplish a variety of marketing objectives. Event sponsorship often seems like one of those unobtainable, too good to be true options. Meanwhile, she is also assigned another project. _____ involves a variety of procedures whereby consumers are given some quantity of a product for no charge to induce trial. Sponsorship is the fastest growing form of marketing in the U.S., but it's still very much in its infancy. As event organizers, many of us have heard of event sponsorships, but until today it remains a mystery to most. Nonprofits are also permitted to mention slogans and value-neutral descriptions of a sponsor’s goods or services in acknowledging their support. Golf tournaments are a popular event for sponsorship by marketers of luxury automobiles and other upscale products. 8) Which of the following is an example of a trade-oriented sales promotion activity? Really work together to find out what your sponsor wants to achieve and collaborate with them to provide a valuable partnership. A) Event marketing and event sponsorship are synonymous. You can use this workbook to value your sponsorship packages compared to market rates. As Chris Baylis, President and CEO of the Sponsorship Collective, says, “Sponsorship isn’t an item you check off and forget about. Coupon, bonus packs, premiums, and samples are promotional offers that are targeted toward: Which of the following serves as a reason for the increase in sales promotion? Instead of old Food Network clips, the TVs played past clips from event sponsor NY1. Unless you have an exclusive sponsorship contract, the organization you support will likely seek other financial sponsors as well. d. ; Fundraising sponsors support a nonprofit through specific events or campaigns. A. D. An effective public relations program continues over months or even years. B. E) advertising must sell the product or service. 23) A lapse in ethical standards or judgment in advertising and promotion can be more damaging to a company than a lapse in other disciplines. This could result in your business co-sponsoring an event with a competitor, or worse, with another business or organization that isn’t in … The Arts receive the majority of event sponsorship monies. By connecting with the event holder on social media, you can find relevant audiences to target. 26) Nina argues that it is unfair and deceptive to advertise to children. The majority of the promotional funds spent on event sponsorships today go toward sporting events True A brand's pricing strategy is an essential part of the overall marketing plan. 6) A ________ appeal is used when the advertiser makes either a direct or an indirect comparison to another brand and usually claims superiority on one or more attributes. Evaluate each event/sponsorship opportunity to see if it is capable of drawing the people you want to reach. Which of the following is true of consumer franchise-building promotions? The future of event sponsorship requires innovative ideas, strong commitment, accountability and deep knowledge of the new opportunities technology brings. 40. 10) ________ is generally considered the most effective method for generating trial of a new product. Driving sales goes hand-in-ha… Marketers can use sales promotion techniques to accomplish a variety of marketing objectives. Event sponsorship objectives are often part of an organization's public relations activities. B) It reduces a firm's need for public relations. This ad is an example of, 19) Pay-per-click advertising is an example of, 20) Advertisers employ search engine optimization (SEO) to. Which of the following statements about sponsorship is NOT true? Which of the following is an objective of consumer-oriented sales promotions? She decides to work on the new project and put the genealogical project completely out of her conscious mind, so that ideas can materialize in the meanwhile. 2) The rationalists of creative advertising argue that. a. Also permitted to mention slogans and value-neutral descriptions of a product for charge. Direct marketing called continuity programs best be suited for a predefined price Excursion 2.0 magazine to so. 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