Which of the Following Is a Benefit of Sponsorship

question 77

Multiple Choice

Which of the following is a benefit of sponsorship?

• A) It avoids clutter by disallowing costs to be spread among co-participants.
• B) It is primarily an unknown, undiscovered concept for the public.
• C) It is easy to evaluate the effectiveness of a sponsorship campaign.
• D) It enhances the image of the company sponsoring them.
• E) It is highly cost-efficient.

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Definitions:

Paper

Paper refers to a thin material composed of processed cellulose fibers derived from wood, rags, or grasses, and used for writing, printing, or packaging.

Unit Price

The cost assigned to a single unit of a product or service, which helps consumers compare prices and make purchasing decisions.

LIFO Inventory Method

An inventory costing method that assumes the last items put into inventory are the first ones taken out, used in calculating cost of goods sold.

Gross Profit

The difference between total sales revenue and the cost of goods sold, before deducting overheads, salaries, and other expenses.