Final Exam (SEM I 21-22)

Which is a characteristic of the sports or event industry? (1.01)

• Provides products that are different for each consumer

• Manages a worldwide media network

The chamber of commerce for a large city estimated the income for the city generated by the sales tax, parking fees, and food service tax collected as a result of a rock concert. This is an example of which impact? (1.01)

• Indirect

• Fiscal

A unique characteristic of the sports industry is that it seeks to attract markets that will perform which action? (1.01)

• Include spectators and participants

• Are concerned with environmental issues

Surrounding communities benefit from professional sports teams by which action occurring? (1.01)

• Attracting tourist dollars

• Making seat licenses available to season ticket holders

When a professional football expansion team is established in a community, which economic impact might happen? (1.01)

• Increased job creation and more consumer spending

• More tourism, lower tax rates, and high interest rates

The core benefits to customers who purchase sports products include entertainment, health, and which other component? (1.01)

• Achievement

• Adaptability

What are the three core advantages customers receive from sports products? (1.01)

• Health, entertainment, achievement

• Health, adaptability, entertainment

Communities economic impact when attracting a professional football expansion team is (1.01)

• business closures, job layoffs, and high inflation rates

• increased job creation and more consumer spending.

What is the term associated with the collection of tax revenue, such as, food service tax, sales tax, and parking fees when a community puts on a rock concert? (1.01)

• Indirect Impact

• Fiscal Impact

How does surrounding communities benefit from a professional baseball team? (1.01)

• Attracting tourist dollars

• Endorsing local political candidates