Since 2007, FedEx has contributed millions to the PGA Tour, and as its most lucrative donor, an event is named after the company. This is an example of

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29-04-2022
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Since 2007, FedEx has contributed millions to the PGA Tour, and as its most lucrative donor, an event is named after the company. This is an example of

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Tundexi Tundexi · Answer 1 · 2022-05-04T12:23:39+02:00

An example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour which makes its the most lucrative donor for the tour.

What is a sponsorship?

This is a act of committing resources to a nonprofit event in exchange for specific promotional benefits.

Most time, they are often in financial support from businesses who wants to sponsor events, trade shows, groups, charity etc.

Therefore, the example of a sponsorship is illustrated when FedEx contributed millions to the PGA Tour.