Marketing Basics for Sports and Entertainment Events
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Questions and Answers

What is the primary focus of the text?

  • The retirement of Shaquille O’Neal from NBA basketball
  • The marketing mix in sports and entertainment events (correct)
  • The luxurious features of the Buick LaCrosse
  • The endorsement of Buick LaCrosse by Shaquille O’Neal

What did Shaquille O’Neal endorse after retiring from playing NBA basketball?

  • Marketing mix
  • Buick LaCrosse (correct)
  • Television commercials
  • NCAA weekend broadcasts

What did Buick aim to achieve by airing the commercial during televised NCAA weekend broadcasts?

  • Showcase the luxurious interior of Buick LaCrosse
  • Capture the attention of basketball fans (correct)
  • Promote discretionary income
  • Highlight Shaquille O’Neal's talents

What is mentioned as one of the attractive features of the Buick LaCrosse in the commercial?

<p>36 miles-per-gallon fuel-efficiency (B)</p> Signup and view all the answers

What do marketers rely on to perform the tasks associated with marketing?

<p>Marketing mix (C)</p> Signup and view all the answers

What does the term 'price' refer to in the context of the marketing mix?

<p>The amount that customers pay for products (D)</p> Signup and view all the answers

Why must marketers carefully consider the product offerings for sports and entertainment?

<p>To choose the right products to meet the needs and wants of the market (B)</p> Signup and view all the answers

What does 'discretionary income' refer to in the text?

<p>The amount of money individuals have available to spend after paying for necessities (B)</p> Signup and view all the answers

What is the primary function of distribution in marketing?

<p>Transporting or delivering goods to final customers (B)</p> Signup and view all the answers

Why do prices charged for sports and entertainment events need to be sensitive to consumer demand and the state of the economy?

<p>To cover the costs of the business and make a profit (B)</p> Signup and view all the answers

What is the primary focus of the marketing concept?

<p>Satisfying customer needs and wants while also making a profit (C)</p> Signup and view all the answers

What does the term 'target market' refer to?

<p>Potential customers who have a need or want for a product and the resources to make the purchase (B)</p> Signup and view all the answers

What does 'marketing-information management' involve?

<p>Gathering and analyzing information to improve decision making (B)</p> Signup and view all the answers

What is involved in 'product/service management'?

<p>Acquiring, developing, and improving products to better serve customers (D)</p> Signup and view all the answers

What is 'personal selling'?

<p>Any face-to-face contact with customers to determine and fulfill their needs and wants (B)</p> Signup and view all the answers

What does 'financing' involve in the context of marketing?

<p>Budgeting for business operations and offering assistance to customers in buying the business’s products (A)</p> Signup and view all the answers

What does the 4 P's, also known as the marketing mix, comprise of?

<p>Product, Place, Promotion, Price (C)</p> Signup and view all the answers

Which term is used to describe a basic necessity such as food, clothing, or shelter?

<p>Necessity (B)</p> Signup and view all the answers

What is the term for the amount that customers pay for products - goods or services?

<p>Price (B)</p> Signup and view all the answers

Which process decides where and how products will be made available to customers?

<p>Place (Distribution) (C)</p> Signup and view all the answers

Which term refers to any communication designed to inform, persuade, or remind customers about the goods and services offered by the business?

<p>Promotion (A)</p> Signup and view all the answers

What does a channel of distribution refer to?

<p>The path that a product takes from the producer to the consumer (B)</p> Signup and view all the answers

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