Business Policy 1-6

The game of golf peaked in 1999.

• True
• False

The business of golf is about creating athletic competition in the form of championships, tournaments, and leagues for the masses to enjoy.

• True
• False

Golf is a $68 billion industry.  Which two segments comprise the largest direct financial impact?

• Golf Facility Operations and Golf Course Investment 
• Golf Course Investment and Endorsements, Tournaments and Associations 
• Real Estate and Hospitality/Tourism
• Golf Facility Operations and Hospitality/Tourism

In golf surveys conducted, the two most important criteria by which a golfer selects one course over another are:

• Conditioning and pace of play
• Price and location
• Tee time availability and customer service
• Conditioning and price

In our time crunched cultured society, which of these is a contributing factor?

• Our marketplaces have endless choices 
• We have become an experience economy
• A child centered society
• All of the above

Which golf courses have the highest risk of failing? 

• 9-hole facilities
• Lower price point 18-hole courses
• Alternative facilities 
• All of the above

Since 1999, 63% of all new courses opened and 55% of all courses under construction or in the planning phases are not in the United States.

• True
• False

For private clubs that are struggling, what is most likely to happen?

• They will sell the land and distribute the proceeds among the members
• They will convert to public golf courses

The number of municipal golf courses as a percentage of all golf courses has largely remained the same during the past 100 years.

• True
• False

Where has the negative shift in the playing patterns of golfers occurred?

• Junior (7 to 17)
• Early-career (18 to 34)
• Mid-career (35 to 54)
• Late-career (55 to 64)