Sports Marketing 1 Final Review

Front

What is a key way sports and entertainment businesses reach their customers?

Back

Through advertising, sponsorships, and social media

Front

What helps sports businesses make money?

Back

Having multiple ways to earn money (like merchandise and ticket sales)

Front

What is the free enterprise system?

Back

A system where businesses can operate freely with some rules.

Front

What does competition mean in sports marketing?

Back

Competing with other businesses for the same customers

Front

Which of these is a risk in sports marketing?
Options:
Planning events in advance,
A sudden change in what customers want,
Partnering with other businesses,
Creating strong advertising

Back

A sudden change in what customers want

Front

What is risk management in sports marketing?

Back

Finding ways to reduce or deal with risks

Front

What does economics mean in sports marketing?

Back

How money is earned and spent in the sports industry

Front

How can politics affect sports marketing?

Back

Through laws about sponsorship, ads, and broadcasting rights

Front

Which of these affects sports marketing? A change in consumer spending habits, The price of merchandise at the event, The weather on the day of the game, The number of fans attending the event

Back

A change in consumer spending habits

Front

What is the relationship between costs and profits in sports marketing?

Back

Businesses should balance costs and revenue to make a profit.