True or False: Because sponsorships are sought after so much, sports and entertainment businesses are in complete control and can get the most out of sponsors using repeat offers to drive the price up.

Question

Pranav Jenkins

Social Studies

7 June, 00:58

True or False: Because sponsorships are sought after so much, sports and entertainment businesses are in complete control and can get the most out of sponsors using repeat offers to drive the price up.

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Nikhil · Answer 1

Because sponsorships are sought after so much, sports and entertainment businesses are in complete control and can get the most out of sponsors using repeat offers to drive the price up is a True statement.

Explanation:

Since sponsorship are the best form of advertising and reach the masses way more conveniently than the conventional form of advertising, it is much sought out because even though the marketing expenses will be higher the resultant profit and sales will overcome the amount of expense made.

For example, Cricket is the most sought sport in India, Vivo is the official sponsor of IPL (Indian Premier League) which basically means that at least 85% of the audience will watch that sport and Vivo will have to cover only the remaining 15% of the market to make its name available.