When a company pays money to sponsor an individual or a group or team that participates in an activity, it is called:
A)public relations.
B)advertising expenditures.
C)social media marketing.
D)sponsorship marketing.

Question

Quizplus · Accepted Answer

When a company pays money to sponsor an individual or a group or team that participates in an activity, it is called sponsorship marketing. It is a popular form of marketing strategy used to build brand awareness and connect with target audiences through the engagement of sponsored events or activities. Public relations refers to the management of a company's communication and image with the public, social media marketing involves using social media platforms to promote a brand or product, and advertising expenditures refer to the money spent on various forms of paid advertising.

When a Company Pays Money to Sponsor an Individual or a Group