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Chapter 3 The Wide World of Sports and Entertainment (S&EM)

AB
industrya group of organizations involvedin producing or handling the same product or type of service
industry standardsguidelines and goals set for different entertainment industries
ghost writera sports or entertainment writer who the commits it to a paper for a fee
literary agentfor percentage of sales, plans marketing campaign and personal appearances
tourismgenerally considered traveling for pleasure
direct economic impacttotal amount of new spending resulting from an event or a new attraction
indirect economic impactdtermined by the multiplier effect, meaning the portion of the money spent by visitors on local goods and services that is in turn spent locally by employers and employees
niche travelpeople in the travel trade refer to recreational travel or tours planned around a special interest
ecotourismresponsible travel to natural areas that conserves the environment and sustains the well being of the local people
joint venturecompanys join together and share costs and profits
infrastructureincludes water, sewer, roadways, and all underlying framework
globalizationinternational economic relationships
piracytheft of copyrighted material


Personal and Business Finance
Dobyns-Bennett High School

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