Font size
WorksheetsREVIEW SEMESTER EXAM
Total questions: 38
Worksheet time: 16mins
Selecting a good city to host the Super Bowl is an example of distribution of entertainment.
True
False
Consumer demand has little to no impact on prices assigned to sports and entertainment events and goods.
True
False
Customer needs should be the primary focus of marketing.
True
False
Television initiated the merger of technology and entertainment.
True
False
The term entertainment is generally applied to games of athletic skill.
True
False
About half of every dollar that consumers spend on products pays for marketing costs.
True
False
The marketing concept requires maintenance of important relationships with customers.
True
False
The increased standard of living in the United States has resulted in less discretionary income for consumers.
True
False
Two major goals of marketing are to determine what consumers want and how much they are willing to pay.
True
False
The host city for a Super Bowl must
be near a major airport
have a mild climate during the winter
have an adequate number of hotel rooms for fans and the media
be near a major airport and have an adequate number of hotel rooms for fans and the media
Recreational travel or tours planned around a special interest are called _.
world travel
niche travel
family travel
pleasure travel
The portion of money spent by local employers and employees that came from money collected from tourists is referred to as _.
revenue
expenses
indirect economic impact
direct economic impact
_ is the theft of copyrighted material.
piracy
trademark
copyright
plagiarism
What amendment to federal education law prohibits discrimination against females in school sports?
American Disabilities Act
Civil Rights Amendment
Equal Rights Amendment
Title IX
All of the following are steps in the host selection process for the Olympics EXCEPT
an elaborate marketing campaign
site visits by the selection committee
examination of the potential host city's infastructure
paying large fees to the members of the International Olympic Committee
Marketers in the United States have found only limited opportunities to connect with different cultures
True
False
China sometimes censors movies it imports from other countries
True
False
The International Olympic Committee selects which country will host the Olympics.
True
False
The industry trend for soccer indicates a shrinking audience interest.
True
False
_ is the result of making a product or service available when the consumer wants it.
Possession Utility
Place Utility
Time Utility
Price Utility
_ is a company's wealth in the form of money or property.
Capital
Assets
Liabilities
Accounts Receivable
Gross impressions do not
involve the number of times a product is associated with a successful athlete
occur accidentally
influence consumer purchases
occur during televised sporting events
Gathering and using information about customers to improve business decision making involves
distribution
marketing/information management
promotion
customer service
Marketing involves
maintenance of exchange relationships
creation of satisfying exchange relationships
improving
all of these
To satisfy customer needs, you must do all of the following except
identify products customers may want
charge prices to maximize company profits
develop customer satisfaction
operate with the customer in mind
Today’s consumers
consider benefits derived when making purchases
have more choices for their discretionary income
all of these are true
are more mobile than ever before
The best strategy for a business to rise above the competition is to provide uncompromising, outstanding customer service.
True
False
The marketing concept
focuses attention on maximizing profit
focuses attention on satisfying customer needs
involves satisfying exchange relationships between the consumer and producer
involves focusing on satisfying customers needs and the exchange between consumer and producer
Emotional purchases are more likely not to occur when
individuals are shopping for groceries on a tight budget
individuals are attending their favorite concert
fans are given the opportunity to attend the Super Bowl
individuals are watching a college football rivalry and their team is winning
External sources of information for businesses do not come from
government reports
the company’s financial reports
trade and professional organizations
business publications
_ purchases are based upon loyalty to a particular brand or product.
Emotional
Customer
Patronage
Rational
Costs of sports and entertainment events include
promotion
high salaries
cost of the facility
all of these are costs that are included in events
__________ segmentation divides markets into physical locations, such as Eastern, Northern, Southern, and Western regions of the United States.
Behavioral based
Demographic
Psychographic
Geographic
When a business does not make enough revenue to cover expenses, it operates at a profit.
True
False
Building a company without outside assistance is often referred to as crowdsourcing
True
False
Risks can be classified as controllable, insurable, and involving gain or loss
True
False
A perception exists among the general public that sports and entertainment celebrities no longer value ethics.
True
False
The best entertainment decisions are both effective and ethical.
True
False
