Sports Franchise
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Sports Franchise
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25 Questions

1. A franchise is a business arangement in which one company (the franchise) obtains the rights to sell the products and use various elements of a business system of another company (the franchiser).

2. A bottleneck is a lessening of traffic throughput. in viral business- sports - you may see bottlenecks occur in the parking lots because of overloaded traffic situations due to the inability of the parking and security.

3. Are the exclusive right of a sponsors to have its name and logo on a stadium.

4. Is the act of discussing an issue between two or more parties with competing interests in order to reach an agreement.

5. Yeild managment pricing involves setting different prices for goods or services in an effort to maximize revenue whenlimited capacity is a factor.

6. Seating capacity is the total number of seats that are available at a specific stadium.

7. The state of being and feeling secure and experiencing freedom from anxiety and fear - resulting from protection against harm or attack

8. Target audience describes a particular market segment selected as being the most appropriate for a certain advertising campaign or schedule.

9. A list of players on a team.

10. Sometimes a business will use special items in combination with its promotional campaign to help attract customers. These items are considered promotional items.

11. The money earned from conducting business after all costs and expenses have been paid.

12. Ushers are responsible for making sure fans sit and stay in their assigned seats. Fans will move to better seats if they are and there is no one to stop them.

13. Ingress refers to the flow of fans to or into the stadium.

14. Any revenue that comes from corporate sponsors. Selling advertising space in and around a stadium is the primary way to generate sponsorship dollars.

15. Is the collective use to sign - symbols or design. Sports and event stadium may reserve areas where sponsors can use signage for advertising purposes.

16. Gross income User-contributed - The increase in assets that result from the sale of a product or service in the normal course of business

17. The cost of an advertising campaign divided by the number of people reached.

18. Is the group - individuals or corporations paying a percentage of the revenue earned though the use of the intellectual property.

19. Owns the rights to some intellectual property and grants - permission to a groups - individuals or corporations to use this property.

20. An attempt to make an unprofitable business profitable again.

21. The amount of a good or service that consumers are able and willing to buy at various possible prices during a specified time period.

22. A salary cap os the anual dollar limit that a single team may pay all its players. The main purpose of a salary cap os to maintain competiveness within a league.

23. A groundskeeper is someone who maintains property grounds of substational size like an athletic field. Proper field maintaenance is a very important and imprpoer maintence can lead to player injuries and league fines.

24. Any parking lot that is offsite from the stadium is considered satellite parking. Shuttle buses are often required to transport fans to and from the stadium.

25. The percent of potential customers in a specific target audience who are aware of a products existence.

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