WorksheetsSEM I 1.01 Quiz
Total questions: 10
Worksheet time: 10mins
Which is a characteristic of the sports or event industry?
Communicates with a limited audience
Provides products that are different for each consumer
Manages a worldwide media network
Employs only those people who have athletic ability
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?
Total
Direct
Indirect
Fiscal
A unique characteristic of the sports industry is that it seeks to attract markets that will perform which action?
Have consumers with artistic talent
Include spectators and participants
Are concerned with environmental issues
Demand mostly tangible products
Surrounding communities benefit from professional sports teams by which action occurring?
Hiring handlers to make sure athletes behave
Attracting tourist dollars
Making seat licenses available to season ticket holders
Endorsing local political candidates
When a professional football expansion team is established in a community, which economic impact might happen?
Increased job creation and more consumer spending
Business closures, job layoffs, and high inflation rates
Higher tax rates and fewer financial investment opportunities
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?
Promotion
Achievement
Independence
Adaptability
What are the three core advantages customers receive from sports products?
Achievement, entertainment, adaptability
Adaptability, sponsorship, expansion
Health, entertainment, achievement
Health, adaptability, entertainment
Communities economic impact when attracting a professional football expansion team is
higher tax rates and fewer financial investment opportunities.
more tourism, lower tax rates, and high interest rates
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?
Total Impact
Indirect Impact
Fiscal Impact
Direct Impact
How does surrounding communities benefit from a professional baseball team.
Attracting tourist dollars
Endorsing local political candidates
