Sports Marketing Ch 3

The type of risk that occurs due to employee incompetence is

A required document if you are looking for investors for your company is

When there is a limited amount of resources to producegoods and services this is called 

Making the product or service available when theconsumer wants it is called

Creating or building a company on your own with outside assistance iscalled

The study of how goods and services areproduced, distributed, and consumed is called

The type of risk that occurs because of the changes in the economyinfluencing consumer spending

The amount of satisfaction a person receives fromthe consumption of a particular product 

When the Phillies win the World Series, the effect on ticket sales thefollowing year is

Making the product or service available wherethe consumer wants it is called

Amount of money remaining from income after allexpenses are paid is called

A company’s assets are items of value such as cash, property, andequipment

An example of a limited resource for a sports team is

The three sources of risk are

Improving the physical characteristics of a product or service is called

Examples of a company’s startup costs are salaries, utilities,insurance

Potential investors want to see the data for

The type of risk that occurs when weather conditions cannot be avoidedis

2 reasons that 50 percent of small businesses fail are poor accounting and insufficient capital

The effect produced by decisions made byconsumers and businesses is called

When revenue does not pay for all the expenses for making a product this is called

Three examples of ongoing monthly expenses arepurchasing furniture, signs, and licenses

What does the abbreviation ROI mean?

An activity that will produce money is called

Making the product available at an affordableprice or having different ways to pay is called