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 26
While contracting with celebrities to enderse a emmany/s bows asbs to the competitive power of its product offering vis-a-vis the offerings of rivals.
the problem is that signing celebrities to contracts is unprofiuble when a company/s contractual payments to celebrity endorsers exceed $10 milion in any given year-the benefits are just not that big.
relatively amall when a company's cellebrity appeal sating in a region is below 100 and only becomet attractively large when its rating rises above 150.
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 1s be.
are below the induntry average in at linast 3 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.
Question 2 6 While contracting with celebrities

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!