Question

QUESTION 4 of 10: An example of

sponsor
would be naming an event held at the stadium or even naming the stadium it
a) Naming rights
Ob) Signage
c) Hospitality
d) Endorsing
Submit
Id

Answer 1

a) Naming rights

Step-by-step explanation:

Naming rights involves a financial agreement where a private entity purchases the rights to name a facility or an event. The intention is to use the facility or an event as an advertising platform. In this case, the private company will name the stadium with its brand name. It paints the facility with its corporate colors. Naming rights are usually purchased for a specified duration.