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Chapter 12 Sports and Entertainment Marketing-

Product and Price Decisions for Entertainment Marketing-Branding and Pricing

AB
brand identityconsistent feeling or image that consumers recognize when encountering the brand
brand markway a brandname is written and/or a symbol
trademarklegal protection of brand and anything associated
soundmarktrademark identified by sound
motionmarktrademark identified by specific movement
royaltylicense fee for use of trademark
brand extensiondevelopment of new products based on existing one's names
entertainment franchiseseries of films, programs, or character portrayals in a series
crossoverexpansion of the popular appeal of an artist
archived brandsclassic brands that have remained popular
product placementappearance of a product in a film tv etc.
gross profitrevenue minus cost of goods sold
net profitgross profit minus expenses
recovering costspricing strategy high enough to cover costs
return on investmentpricing strategy that for every dollar put in a maximum return is desired
competition pricingpricing strategy that meets or beats the competitor's prices
net profit pricingpricing strategy that estimating costs and expenses to achieve desired net profit
profit margindifference between expenses and the retail price expressed as a percentage or dollar amount
reachnumber of total consumers exposed to an ad
frequencythe number of times each consumer is exposed to an ad
junketspublicity trips
drawaudience
gate salesticket sales
Brand historythey began with cattle and have been around ever since
4 ways to set prices in entertainmentcovering costs, return on investment, profit goals, beating competition
archivesfilm vaults that contain property that's part of a brand
the Entertainment businessan area of business that's very difficult to make a profit in
sequela film made to take advantage of the first film. but may not be planned from the beginning
sources of revenue in the film industrytickets, concessions, videos, foreign films
Branding and packaging of entertainmentthese are a very important part of the product part of the marketing mix today
2.5-3 millionWorthwhile cost of Superbowl commercial that reaches so many
the "House"AKA the theater
revenueincome


Marketing Education/DECA
Terre Haute South High School
IN

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