Sport venues - Study guides, Class notes & Summaries

Sport Venue Management: Exam 3 UPDATED Exam Questions and CORRECT Answers Risk Management - Correct Answer- Control of financial and personal injury loss from sudden, unforeseen, unusual accidents and intentional torts. Strategy to maintain greater control over the legal uncertainty that may wreak havoc on a sport business. Risk = _____ x _______ - Correct Answer- Probability x Consequence Severity

New trend in global sports - Answer--Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - Answer-1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - Answer--The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capital Funding/Financing - Answer--The industry is reaching the end ...

Which of the following is not historically correct regarding sporting events? correct answers The modern sport industry has remained stagnant. Which skill(s) is (are) correctly matched to its corresponding type? correct answers blogging = technology skills preparing and managing a checklist of activities = time management written communication = interpersonal skill All of these are correct. What makes sporting events unique from other types of events? correct answers Sporting events are...

What is the "O&O" market? correct answers (owned & operated) one of the fastest growing markets made of sports commissions or CUB's What are 3 characteristics unique to sport? correct answers 1. each sport has own set of rules 2. encompasses a continuum from elite comp. to recreational 3. characterized by its playful nature What are the 3 types of sport tourism? correct answers 1. event 2. active 3. nostalgia based What is event sport tourism? correct answers a mega event, i.e. ...

Success in the sports business industry - ANSWERexcellent communication, people skills, and business management skills Hallmark Event - ANSWER-One-time or recurring; tied to a place -Provides awareness, appeal, or any other benefit to the host region Sport Event - ANSWERCarefully crafted experience that features competition involving physical prowness. Mega Events - ANSWER-Great amount of prestige -Public Involvement -Social and Political Influence -Media Coverage -Economic Impact ...

SM 370 Sport Finance Exam 1 Questions With 100% Correct Answers New trend in global sports - answer-Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - answer1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - answer-The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capita...

SM 370 Sport Finance Exam 1 Questions With 100% Correct Answers New trend in global sports - answer-Sports Market in North America will grow. (71.1 B in 2018 to 83.1 B in 2023) -Revenue Sources -Gambling -New stadiums Four Major Revenue Sources - answer1.) Media rights 2.) Gate Revenue 3.) Sponsorship 4.) Merchandising Sports gambling industry - answer-The sport gambling industry has been transformed and is the most significant catalyst shaping today's sports market Facility Capita...

Success in the sports business industry - ANSWERexcellent communication, people skills, and business management skills Hallmark Event - ANSWER-One-time or recurring; tied to a place -Provides awareness, appeal, or any other benefit to the host region Sport Event - ANSWERCarefully crafted experience that features competition involving physical prowness. Mega Events - ANSWER-Great amount of prestige -Public Involvement -Social and Political Influence -Media Coverage -Economic Impact ...

Identify the conditions under which commercial sports emerge and grow in a society. correct answers A market economy; large densely populated cities; a standard of living that provides people with time, money, transportation, and media access; large amounts of capital; culture emphasizing consumption and material status symbols Identify economic and ideological reasons why sports have become so popular in society today. correct answers The quest for excitement, fit with social class ideology,...

SASM 4180 Exam 2 Questions & Answers 2024 new stadiums and arenas almost invariably lead to increases in attendance in the years following their construction - ANSWER-honeymoon effect which sport experiences the longest honeymoon effect? why? how long does it last? - ANSWER-baseball; games don't sell out as much, so there is more room for growth; 10 years what is the biggest impact of new facilities on fan attendance? - ANSWER-fans are in different, more expensive seats (there are mo...