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SPMT 217 Exam 3 Questions with Correct Answers Graded A+

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SPMT 217 Exam 3 Questions with Correct Answers Graded A+ We can trace sport sponsorship back to - Answers the ancient Greek Olympics local businesses paid charioteers to wear their colors What is identified as a watershed event in the evolution of sport sponsorship? - Answers 1984 Los Angeles Olympic Games 1984 Olympic Games - Answers first to ever turn a profit used the less is more concept- a limited number of companies for higher fees Growth of Sponorship - Answers the increasing commercialization of sport today media- online and traditional (better chance for publicity) sponsorship as a way to break through clutter advertising reaching target consumers marketing professionals instead of CEOs- in depth customer research, financial and strategic planning sophisticated buying return on investment trends- sweepstakes, social media Sponsorship Activation? - Answers The sponsor commits financial resources in support of its sponsorship through promotion and advertising that thematically includes the sport property's imagery common rule of 3 to 1 (support to rights fees) Peter Uberroth - Answers president of 1984 Games brought a commercialized mind-set to the games "less is more strategy" signed a limited number of companies to exclusive official sponsorship contracts names "man of the year" ushered in a new era of sponsorship showing that companies could gain huge benefits from sponsorship Sport Communications - Answers Sales Promotion - Answers a variety of short term promotional activities that are designed to stimulate immediate product demand typically over a month or two aimed at increasing brand awareness, broadening the sales distribution channels for their product, getting new consumers to sample their product Premium Item - Answers when a sponsoring company provides a fan with a free item featuring the company's logo In Venue Promotions - Answers the trend is increase the amount of value added benefits that teams provide their paying customers stadium promotions trying to think of ways to get you to the game MLB uses this to fill all 81 home games while the NFL doesn't as much with less games premium item continuity promotions success varies on time of season, teams record, opponent, day and time of game, perceived quality of the giveaway teams usually feature most attractive giveaways on best/most attractive opponent and time Continuity Promotions - Answers require fans to attend multiple games to obtain giveaways thus building attendance frequency (ex: each player card in a limited-edition trading card set) Incremental Audience - Answers ??? In Store Promotion - Answers companies leverage their sponsorship that the retail level- in store where their product is sold or within their own retail stores wide variety of tactics to incentivize consumers and to communicate offers- premiums, contests, sweepstakes, point for sale and for purchase marketing, coupons Premiums - Answers merchandise offered free or at a reduce price as an inducement to buy a different item or items proof of purchase seals, in pack/on pack Contests - Answers competitions that award prizes based on contestants skills and abilities may require a purchase condition smaller group of potential customers than sweepstakes may or may not have a purchase necessary Sweepstakes - Answers games of luck or chance everyone has a "chance" to win usually special trips or opportunities prizes that otherwise would be difficult or impossible to obtain may or may not have a purchase necessary Sampling - Answers one of the most effective sales promotion tools to introduce consumers to try a product most often used for the introduction of a new product use this to leverage their sport sponsorship by gaining access to a major sporting event not without hard costs may be free to customers but planning and campaigning costs money (produce the

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SPMT 217 Exam 3 Questions with Correct Answers Graded A+

We can trace sport sponsorship back to - Answers the ancient Greek Olympics

local businesses paid charioteers to wear their colors

What is identified as a watershed event in the evolution of sport sponsorship? - Answers 1984 Los
Angeles Olympic Games

1984 Olympic Games - Answers first to ever turn a profit

used the less is more concept- a limited number of companies for higher fees

Growth of Sponorship - Answers the increasing commercialization of sport today

media- online and traditional (better chance for publicity)

sponsorship as a way to break through clutter advertising

reaching target consumers

marketing professionals instead of CEOs- in depth customer research, financial and strategic planning

sophisticated buying

return on investment

trends- sweepstakes, social media

Sponsorship Activation? - Answers The sponsor commits financial resources in support of its sponsorship
through promotion and advertising that thematically includes the sport property's imagery

common rule of 3 to 1 (support to rights fees)

Peter Uberroth - Answers president of 1984 Games

brought a commercialized mind-set to the games

"less is more strategy"

signed a limited number of companies to exclusive official sponsorship contracts

names "man of the year"

ushered in a new era of sponsorship showing that companies could gain huge benefits from sponsorship

Sport Communications - Answers

Sales Promotion - Answers a variety of short term promotional activities that are designed to stimulate
immediate product demand

,typically over a month or two

aimed at increasing brand awareness, broadening the sales distribution channels for their product,
getting new consumers to sample their product

Premium Item - Answers when a sponsoring company provides a fan with a free item featuring the
company's logo

In Venue Promotions - Answers the trend is increase the amount of value added benefits that teams
provide their paying customers

stadium promotions

trying to think of ways to get you to the game

MLB uses this to fill all 81 home games while the NFL doesn't as much with less games

premium item

continuity promotions

success varies on time of season, teams record, opponent, day and time of game, perceived quality of
the giveaway

teams usually feature most attractive giveaways on best/most attractive opponent and time

Continuity Promotions - Answers require fans to attend multiple games to obtain giveaways thus
building attendance frequency (ex: each player card in a limited-edition trading card set)

Incremental Audience - Answers ???

In Store Promotion - Answers companies leverage their sponsorship that the retail level- in store where
their product is sold or within their own retail stores

wide variety of tactics to incentivize consumers and to communicate offers- premiums, contests,
sweepstakes, point for sale and for purchase marketing, coupons

Premiums - Answers merchandise offered free or at a reduce price as an inducement to buy a different
item or items

proof of purchase seals, in pack/on pack

Contests - Answers competitions that award prizes based on contestants skills and abilities

may require a purchase condition

smaller group of potential customers than sweepstakes

may or may not have a purchase necessary

, Sweepstakes - Answers games of luck or chance

everyone has a "chance" to win

usually special trips or opportunities

prizes that otherwise would be difficult or impossible to obtain

may or may not have a purchase necessary

Sampling - Answers one of the most effective sales promotion tools to introduce consumers to try a
product

most often used for the introduction of a new product

use this to leverage their sport sponsorship by gaining access to a major sporting event

not without hard costs

may be free to customers but planning and campaigning costs money (produce the samples, hire)

Point of Sale/Point of Purchase Marketing - Answers POS or POP

used to attract a consumers attention to their product and their promotional campaign at the retail level

include end of aisle units, shelf talkers, banners

ex: life size cardboard cutouts, may hold brochures, coupons, sweepstakes entry forms

Coupons - Answers certificates that generally offer reductions in price for a product

often appear in print advertisements (FSIs)

may also be on the product package itself or mailed

disadvantage: detract from the consumers image, used my consumers that already use the product

Freestanding Inserts - Answers the coupon sections that appear each week in the Sunday paper

Cross Promotion - Answers the joining together of two or more companies to capitalize on a sponsorship

way to tackle the need to break through the clutter, drive sales and better leverage their sport
sponsorship investments and expand the scope of their sponsorship

becoming more popular and effective

allow companies to share costs

allows promotion of several product lines within a company

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