Vermontz, an automobile company, pays a film studio to include its new sports car in two scenes of its latest action movie. The company feels this would help them gain maximum visibility, and the fans would also develop a positive association with the brand when they will see their favorite actor using the car in the film. Vermontz's business deal with the film studio exemplifies _____.
A. product placement
B. viral marketing
C. sponsorship
D. native advertising
Answer: A
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Seth and Beth have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $27,000 and $18,000, respectively; and the remainder to be divided equally. How much of the net income of $42,000 is allocated to Seth?
a. $20,000 b. $23,000 c. $32,000 d. $0
The policy feature that allows you to pay the premium late but still retain coverage is known as the
A) loan clause. B) nonforfeiture clause. C) incontestability clause. D) grace period. E) policy reinstatement clause.
The governmental funds follow ________ where the government-wide statements follow ________.
A. accrual accounting, modified accrual accounting B. modified accrual accounting, accrual accounting C. accrual accounting, accrual accounting D. none of the above
The prototype linear programming problem is to select an optimal mix of products to produce to maximize profit. This type of problem is referred to as the:
a. product mix problem b. production problem c. product/process problem d. product scheduling problem