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Scenario 3-4 Procter & Gamble, One of the World's Largest Spenders

question 85

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Scenario 3-4 Procter & Gamble, one of the world's largest spenders in advertising and branding, teamed up with Walmart and NBC to create a number of prime-time family movies produced by P&G Productions. The films were designed to lure consumers to buy P&G products at Walmart using original family movies and exclusive ad buys. This was not the first time the two major brands teamed up to push family oriented entertainment-in the late 1990s, both companies were launch members of the Association of National Advertisers' Alliance for Family Entertainment-the organization responsible for getting the WB's Gilmore Girlson air. The two have each found great success as a result of the movies, with each seeing an increase both in sales and brand favorability scores. Both companies have expressed strong interest in continuing their working partnership down the road, and as long as they continue to encounter favorable results, the relationship will likely remain a positive one.
-(Scenario 3-4) During the P.T.Barnum era,life in the United States began to change rapidly.Consumers began taking pride in their ability to purchase material goods,and advertising efforts became far more important.This new purchase-oriented attitude is commonly referred to as:

Definitions:

Payable on Demand

A term indicating that a financial obligation must be paid by the debtor as soon as the creditor requests payment.

Order Paper

A document listing the business or matters to be considered by a parliament, legislative body, or other formal assembly.

Negotiable Note

A financial instrument that promises payment of a specific amount of money, either on demand or at a future date, and is transferable by endorsement.

Notice Provision

A clause in a contract that outlines the methods and timing required for giving formal notifications or communications between parties.