Analyzing the Effectiveness of Sports Sponsorship in Marketing
VerifiedAdded on 2022/10/17
|3
|742
|19
Report
AI Summary
This report examines the effectiveness of sports sponsorship as a marketing communication tool. It highlights how sports sponsorships build brand image and increase brand awareness by leveraging the large and diverse fan base in sports like cricket and football. The report discusses how sponsorships influence consumer attitudes, behavior, and purchase decisions, ultimately boosting sales and long-term growth. It references several academic sources to support its claims, evaluating the effectiveness of sports sponsorship through metrics like cost per reach, pre and post-sponsorship sales, and consumer perception. The report concludes that sports sponsorships are beneficial for both consumers and marketers and are an effective tool for marketing communication.
1 out of 3