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Chapter 3 2017

The Wide World of Sports and Entertainment

AB
Industry NormResearch conducted to determine this also known as the average expectation
Marketing DecisionsThese are based on industry standards, norms, and trends
CustomersUnderstanding this creates better strategies to increase market share and competition
subindustiesIndustries that are broken down further
Industry StandardsThese are the guideline and goals set for different entertainment industries
Travel and HotelThese industries are closely related to the sports and entertainment industries.
TravelThe worlds largest industry
Orlando, FloridaThis location for conferences has it all, theme parks, hotels, and a convention center
FIFAThe international governing body for soccer
IndiaThis country is experiencing economic growth, more discretionary income, and more leisure time options
Joint VentureA business with two or more organizations are working together to share costs and profits
Industry trendsData from this is collected over several years, shows growth or decline, and demand for events
ClinicsThese last one or two days focusing on one skill
direct mailers, sports magazines, brochuresSports camps use these promotions
IndustryA group of organizations who handle the same product, group of products, or type of services
InfrastructureUnderlying framework of cities
Sports campAthletic training sessions that cover a variety of skills
EcoturismTourism to natural areas where the environment sustains local people
globalizationinternation economic relationships with goods and services
tourismTraveling for pleasure
Industry standardsguidelines and goals set for the entertainment industry
niche travelRecreational travel for special interests
Indirect economic impactMoney spent by locals that came from tourists
Discretionary IncomeMoney left after paying for necessities or fixed expenses
Direct Economic ImpactTotal new spending resulting from an attraction or event


Marketing Education/DECA
Terre Haute South High School
IN

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