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Business, 10.10.2021 01:00 SRTBANDIT6045

A booster club at a local high school needs to raise money for the football team's trip to the state championship. The club mails out a flyer offering potential sponsors different levels of sponsorship: $1,000 (diamond), $500 (platinum), $250 (gold), $100 (silver), and $50 (bronze). The boosters were afraid that if they asked for $50 outright, many supporters would balk at the cost. The boosters hoped that using the approach would make the sponsors think that $50 was reasonable.

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A booster club at a local high school needs to raise money for the football team's trip to the state...

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