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Sports and Entertainment Marketing Chapter 3

Authored by Jennifer Clemo

Business

9th - 12th Grade

30 Questions

Used 112+ times

Sports and Entertainment Marketing Chapter 3
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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

An economic impact is the effect produced by decisions made by consumers and businesses.

True

False

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

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

True

False

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Because people have limited time and money to spend on entertainment, they must make decisions about how to spend their limited resources.

True

False

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Improving the physical characteristics of a product or service is called form utility.

True

False

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Possession utility results from the value a consumer places on owning and using the product or service.

True

False

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Building a company without outside assistance is often referred to as crowdsourcing.

True

False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Risks can be classified as controllable, insurable, and involving gain or loss.

True

False

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