Question: Question 2 6 While contracting with celebrities to enderse a emmany / s bows asbs to the competitive power of its product offering vis -
Question
While contracting with celebrities to enderse a emmanys bows asbs to the competitive power of its product offering visavis the offerings of rivals.
the problem is that signing celebrities to contracts is unprofiuble when a companys contractual payments to celebrity endorsers exceed $ milion in any given yearthe benefits are just not that big.
relatively amall when a company's cellebrity appeal sating in a region is below and only becomet attractively large when its rating rises above
one of the bia friks of bidding to win contracts for eriebrity cadocriesess at that it is easy to end up overpending to who a contract becaue it is so hard to judye just how big the actual benefis or value of wineing the coetract for a particular celebrity will prove s be
are below the induntry average in at linast geographic regions.
the blighest benefit of tigning a celebrity to a contract comas from thocking a rival company from minning the contract for that celelority.
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