Chapter 7 & 8 Test Review

t o f. health leisure time and money all drive the recreation industry. 

t or f.  Customers must be able to obtain the product when and where they want it.

t or f. Pricing of merchandise is generally not influenced by the forces of supply and demand 

______ search apps review your private data to provide you he answers to questions you ask

t or f. when distance keeps fans from attending a live event media provides the nextbest option

t or f. radio, tv, and the internet are examples of mass media 

Channels of _________ include all of the businesses through which products pass to the consumer

 A private enterprise system is based on independent decisions made by consumers & producers

Producers of sports and entertainment events 

A grou of tv channels sold as a package for one monthly price is called.. 

________ technologies change the existing forms of communication channels

During the expansion phase of the business cycle...

t or f. Today, most tv programs are distributed to viewers just once or twice 

During a recession there is... 

t or f. Sports and entertainment businesses are usually very prosperous during a recession.

Antitrust laws have been enacted to 

A(n) _______ is a combo of independent businesses formed to regulate production of a product

t or f. when price goes up, demand for the product also goes up. 

New technologies that change existing forms of communication channels 

The law of supply and demand 

_________ are types of delivery systems for delivering sports and entertainment events 

______ occurs when a movie is distributed nationally to thousands of theatres

t or f. The government can discourage sales of a product by increasing taxes on that product

t or f. There are two major channels of distribution... live and media. 

Which is not an example of promotional pricing

_______ is the point where the supply and demand curves intersect.

Participation in recreational sports 

radio...

________ provides the means to distribute an event to a large volume of people. 

Radio talk shows attract new younger listeners when podcasts are made available for download

The channel members invovled in making a product or service available are called...

The______ is the highest point of growth in the economy. 

the marketing mix and distribution of pro sports games is controlled by 

a(n) _________ policy allows consumers to negotiate prices. 

Live entertainment performances...