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Chapter 1- Marketing Basics (sports and entertainment marketing)

AB
marketingthe creation and maintenance of satisfying exchange relationships
marketing mixhow a business blends the four marketing elements
productwhat a business offers customers to satisfy needsq
distributionlocations and methods used to make products avalable to customers
priceamount customers pay for a product
promotiondescribes ways to make customers aware of products and encourage them to buy
discresionary incomethe amount of money individuals have available to spend after paying for the necesities of life and other fixed expenses.
demographicscommon characteristics of a group
sports marketingusing sports to market products
gross impressionnumber of times per advertisement
entertainment marketinginfluencing how people choose to spend their time and money on entertainment is the purpose of this
entertainmentwhatever people are willing to spend their money viewing rather participating
ratingspricing of commercial time is related to this


Personal and Business Finance
Dobyns-Bennett High School

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