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Sports Marketing Chapter 2 Vocab Review

AB
A good or service that any for-profit industry sells to its customers.Product
Any form of communication used to persuade people to buy products through advertising, publicity, personal selling, or sales.Promotion
A personality perceived by the public.Public Persona
Approval or support of a product or idea, usually by a celebrity.Endorsement
People who use products.Consumers
Money left to spend after necessary expenses are paid.Discretionary Income
A device for viewing a new phenomenon - moving pictures.Kinetoscope
Sellers of productsVendors
Main productsCore products
A product related to or created from the core product.Ancillary Product
Gross IncomeRevenue
Unauthorized ticket sellers who stand outside a game or concert and offer tickets at a higher price, especially if tickets are difficult to obtain.Ticket Scalpers
Unauthorized use of an owner's or creator's music, movies, or other copyrighted material.Piracy
An idea, concept, or written or created work that is protected by copyright.Intellectual Property
A payment for material that has been copyrighted, or legally declared as belonging to the creator.Royalty
Use of ancillary products such as merchandise as promotional tools.Product tie-in
Any form of communication through which one industry relies on another industry to promote its product.Cross-promotion
The overlapping of product promotion.Convergence
A combined action that occurs when products owned by one source promote the growth of related products.Synergy
Unforeseen events and obstacles that can negatively affect business.Risks
A strategy to offset business risksRisk Management
Consumers' attitude that occurs when they are happy with a company and become repeat customers.Consumer loyalty
The promotion of a company in association with a property.Sponsorship


Business Instructor
Ava High School
Ava, MO

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