4.3.11
Sponsorship & Social Media
Sponsorship
Sponsorship
Sponsorship involves paying athletes, celebrities or other organisations for them to advertise for a business.


Nike
Nike
- Nike pay lots of sportsmen and women to wear Nike clothing and Nike equipment.
- Consumers that see famous sportsmen/women wearing Nike may be more likely to buy Nike clothing.
- Roger Federer is sponsored by Nike and wears Nike tennis wear.
- Rory McIlroy signed a 10-year sponsorship deal worth $250m with Nike in 2013.


Celebrity endorsements
Celebrity endorsements
- Celebrity endorsements are similar to sponsorship and famous people may use a product or be seen doing something.
- Lenny Henry is a comedian that features in Premier Inn’s TV adverts.
1Business Activity & Influences on Business
1.1Business Objectives
1.2Types of Organisations
1.2.1Sole Traders & Partnerships
1.2.2Limited Companies
1.2.3Limited Liability
1.2.4Unlimited vs Limited Liability
1.2.5Not For Profit & Franchises
1.2.6Multinational Companies
1.2.7End of Topic Test - Business Ownership
1.2.8Application Questions - Business Ownership
1.2.9Diagnostic Misconceptions - Company vs Business
1.2.10Diagnostic Misconceptions - Owners vs Shareholders
1.3Classification of Businesses
1.4Decisions on Location
1.5Business & the International Economy
1.6Government Objectives & Policy
1.7External Factors
1.8What Makes a Business Successful?
2People in Business
2.1Internal & External Communication
2.2Recruitment & Selection Process
2.3Training
2.4Motivation & Rewards
3Business Finance
3.1Sources of Finance
3.2Cash Flow Forecasting
3.3Cost & Break-Even Analysis
3.3.1Costs, Revenue & Profit
3.3.2Profit, Average Unit Cost & Interest
3.3.3Costs - Calculations
3.3.4Revenue - Calculations
3.3.5Break-Even Analysis
3.3.6Profit & Losses - Calculations
3.3.7End of Topic Test - Finance
3.3.8Grade 9 - Finance
3.3.9Diagnostic Misconceptions - Fixed Costs
3.3.10Diagnostic Misconceptions - Break-even
3.4Financial Documents
4Marketing
4.1Market Research
4.2The Market
4.3The Marketing Mix
4.3.1Price
4.3.2Price Penetration
4.3.3Other Forms of Pricing
4.3.4Product Design
4.3.5The Product Life Cycle
4.3.6Extending Existing Products
4.3.7New Products
4.3.8Benefits and Risks of New Products
4.3.9Promotion
4.3.10Public Relations and Sales Promotion
4.3.11Sponsorship & Social Media
4.3.12Product Placements
4.3.13Promotional Mix
4.3.14Place
4.3.15Place 2
4.3.16Place 3
4.3.17M-Commerce
4.3.18Benefits & Drawbacks of M-Commerce
4.3.19End of Topic Test - Marketing Mix
4.3.20Grade 9 - Marketing Mix
4.3.21Diagnostic Misconceptions - Decreasing Price
4.3.22Diagnostic Misconceptions - Advertise vs Promote
4.3.23Diagnostic Misconceptions - Social Media
5Business Operations
5.1Economies & Diseconomies of Scale
5.2Production
5.3Factors of Production
Jump to other topics
1Business Activity & Influences on Business
1.1Business Objectives
1.2Types of Organisations
1.2.1Sole Traders & Partnerships
1.2.2Limited Companies
1.2.3Limited Liability
1.2.4Unlimited vs Limited Liability
1.2.5Not For Profit & Franchises
1.2.6Multinational Companies
1.2.7End of Topic Test - Business Ownership
1.2.8Application Questions - Business Ownership
1.2.9Diagnostic Misconceptions - Company vs Business
1.2.10Diagnostic Misconceptions - Owners vs Shareholders
1.3Classification of Businesses
1.4Decisions on Location
1.5Business & the International Economy
1.6Government Objectives & Policy
1.7External Factors
1.8What Makes a Business Successful?
2People in Business
2.1Internal & External Communication
2.2Recruitment & Selection Process
2.3Training
2.4Motivation & Rewards
3Business Finance
3.1Sources of Finance
3.2Cash Flow Forecasting
3.3Cost & Break-Even Analysis
3.3.1Costs, Revenue & Profit
3.3.2Profit, Average Unit Cost & Interest
3.3.3Costs - Calculations
3.3.4Revenue - Calculations
3.3.5Break-Even Analysis
3.3.6Profit & Losses - Calculations
3.3.7End of Topic Test - Finance
3.3.8Grade 9 - Finance
3.3.9Diagnostic Misconceptions - Fixed Costs
3.3.10Diagnostic Misconceptions - Break-even
3.4Financial Documents
4Marketing
4.1Market Research
4.2The Market
4.3The Marketing Mix
4.3.1Price
4.3.2Price Penetration
4.3.3Other Forms of Pricing
4.3.4Product Design
4.3.5The Product Life Cycle
4.3.6Extending Existing Products
4.3.7New Products
4.3.8Benefits and Risks of New Products
4.3.9Promotion
4.3.10Public Relations and Sales Promotion
4.3.11Sponsorship & Social Media
4.3.12Product Placements
4.3.13Promotional Mix
4.3.14Place
4.3.15Place 2
4.3.16Place 3
4.3.17M-Commerce
4.3.18Benefits & Drawbacks of M-Commerce
4.3.19End of Topic Test - Marketing Mix
4.3.20Grade 9 - Marketing Mix
4.3.21Diagnostic Misconceptions - Decreasing Price
4.3.22Diagnostic Misconceptions - Advertise vs Promote
4.3.23Diagnostic Misconceptions - Social Media
5Business Operations
5.1Economies & Diseconomies of Scale
5.2Production
5.3Factors of Production
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Social Media
Firms can use social media for paid advertisements as well as for creating their own pages through which to share content. This is beneficial because it is an easy and relatively cheap way for businesses to promote their products.
Targeting an audience
Changing adverts