Sports and Entertainment Marketing--Chapter 3

The amount of money remaining from income after all expenses are paid.

• Loss

• Profit

• Profit Motive

• Forecast

The study of how goods and services are produced, distributed, and consumed.

• Economics

• Capital

• Risk

• Scarcity

The possibility of financial gain or loss or personal injury.

• Loss

• Liable

• Risk

• Scarcity

A report that predicts the expenses to be incurred and revenues to be earned.

• Income Statement

• Forecast

• Contingency Planning

• Venture Capital

The business is legally responsible for damages.

• Risk

• Loss

• Economic Utility

• Liable

Involves preventing, reducing, or lessening the negative impacts of risk.

• Balance Sheet

• Return on Investment

• Risk Management

• Profit Motive

A measurement that calculates a business’s return as a percentage of the money invested.

• Profit Motive

• Risk Assessment

• Income Statement

• Return on Investment

A system of deciding between right and wrong in a reasoned and impartial manner.

• Ethics

• Principles

• Integrity

• Capital

The amount of satisfaction a person receives from the consumption of a particular product or service.

• Economic Impact

• Economic Utility

• Ethics

• Venture Capital

A financial statement that shows a company's assets, liabilities, and net worth at a specific point in time.

• Balance Sheet

• Revenue Stream

• Income Statement

• Principles