Sports Entertainment Event Economics Quiz

Sports Entertainment Event Economics Quiz

12th Grade

15 Qs

quiz-placeholder

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Sports Entertainment Event Economics Quiz

Sports Entertainment Event Economics Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Darren Coleman

Used 10+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is event economics?

The study of the economic impact and analysis of music festivals.

The study of the economic impact and analysis of trade shows.

The study of the economic impact and analysis of events.

The study of the economic impact and analysis of sporting events.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Define sports marketing economic.

The development of economic models to predict sports industry trends.

The use of economic principles to analyze sports-related data.

The application of marketing principles and strategies in the sports industry to generate revenue and promote sports-related products, events, and services.

The study of the economic impact of sports on society.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is profit motive?

The profit motive is the desire to minimize financial gain or profit.

The profit motive is the driving force behind individuals and businesses to prioritize social welfare over financial gain.

The profit motive is the driving force behind individuals and businesses to maximize their financial gain or profit.

The profit motive is the motivation to maximize personal satisfaction or happiness.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Explain economic utility.

The satisfaction or value that individuals or consumers derive from consuming a good or service.

The physical characteristics of a good or service.

The cost of producing a good or service.

The amount of money individuals or consumers are willing to pay for a good or service.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the revenue streams for NFL teams?

Concession sales, parking fees, and stadium rentals

Player salaries and endorsements

Donations and fundraising events

Ticket sales, broadcasting rights, sponsorships, merchandise sales, and licensing agreements

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does sports marketing contribute to the economic growth of an event?

By relying solely on government funding and grants for financial support.

By focusing on social media marketing and neglecting traditional advertising methods.

By attracting sponsors, increasing ticket sales, generating advertising revenue, and promoting local businesses through partnerships and endorsements.

By decreasing ticket prices and offering discounts to attract more attendees.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factors influence the profitability of an event?

Ticket sales, sponsorship deals, merchandise sales, concessions, and cost management.

Weather conditions, event promotion, event pricing, and event entertainment.

Social media engagement, event timing, event theme, and event staff.

Marketing strategies, event location, event duration, and attendee demographics.

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