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Sports Mktg - Chapter 01

What is Sports and Entertainment Marketing?

AB
marketingthe creation and maintenance of satisfying exchange relationships
marketing mixhow a business blends the four markeing elements - product, place (distribution), price, and promotion
productwhat a business offers customers to satisfy needs
place (distribution)the location and methods used to make products available to customers
pricethe amount that customers pay for products
promotionways to encourage customers to purchase products and increase customer satisfaction
sports marketingusing sports to market products
target marketa specific group of people you want to reach
disposable incomeincome that can be freely spent
demographicsspecific information about a customer - age, marital status, gender, educational level, attitudes and beliefs, and income
royaltiesa percentage of sales
gross impressionthe number of times per advertisement, game, or show that a product or service is associated with an athlete, team, or entertainer
entertainment marketinginfluencing how people choose to use their time and money
entertainmentwhatever people are willing to spend their money and spare time viewing
ratingsthe number of viewers a program attracted
recreationrenewing or rejuvenating your body or mind with play or amusing activity
recreational activitiesactivities involved in travel, tourism, and amateur sports that are not associated with educational institutions
tourismtraveling for pleasure, whether independent or tour-based
data miningcollecting data about which people travel, where, and when
niche travelrecreational travel or tours planned around a special interest


Business Teacher
Deer Park High School
Deer Park, NY

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