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Account 5

Definition

In an advertising, marketing, or public-relations agency, a client of the agency from whom a commission or fee is derived, in return for the services.

Example

Example 1: A top Lagos advertising agency wins the MTN Nigeria contract, MTN becomes their biggest account, generating significant commission revenue for the agency through TV and billboard campaigns. Example 2: A New York PR firm lands Apple as a client, Apple becomes a prized account within the agency, with a dedicated team managing all their communications and earning the firm a substantial annual fee.

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