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12.2 Review Activity- Sports and entertainment Strategies (Orange book)

AB
strategic thinkngThe process of finding unique, innovative ways to reach an objective.
Smart ObjectivesThese are objectives that are specific, measurable, attainable, relevant, and timely.
TacticsActions taken to implement the strategy.
Applied ResearchFocuses on solving a specific problem. In marketing it is often used to aid in the development of new or improved products.
InterpretationThe explanation of research data in a way that makes it meaningful and informative.
anthology seriesA TV series that has a different cast, setting, and story line each season.
Sports teams use excitement around their stadiums and amenities to increase these:attendance and ticket sales
21% of respondents cited this as a reason they attended a particular Broadway show.Tony award nomination
The purpose of marketing:To create a satisfactory exchange between the business providing the product or service and the consumer.
specificThese type objectives that answer what, why, and how.
measurableThese type of objectives include a quantifiable way to determine whether they have been accomplished.
attainableThese type of objectives are stated as outcomes that can realistically be achieved.
relevantThese type of objectives pertain to the mission of the business.
TimelyThese type of objectives have a start date and a completion date.


Business Education
Tolland High School
CT

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