Chapter 14

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Chapter 14

  1. 1. CHAPTER 14 DISCUSSION QUESTIONS1) Street & Smiths SportsBusiness Journals most recent estimate is that the size of the sportindustry is what?2) According to SGMA, how much did Americans spend on the purchase of sporting goods &equipment in 2007?3) Throughout the last decade, major professional mens sports leagues have seen their revenuesincrease over what % annually?4) What equation can be used to calculate the profit level for a sport organization?5) At the turn of the century, the 30 MLB teams combined to lose how much in one season alone?6) Define the economics of sport.7) Define scarcity.8) A market comprises what 2 fundamental aspects?9) What is the overall economic impact of the Super Bowl?10) Spending by corporate sponsors now exceeds of much in North America? Worldwide?
  2. 2. STREET & SMITH’S SPORTSBUSINESS JOURNAL’S MOST RECENTESTIMATE IS THAT THE SIZE OF THE SPORT INDUSTRY IS WHAT? $213 BILLION
  3. 3. HOW MUCH DID AMERICANS SPEND ON THE PURCHASE OF SPORTING GOODS & EQUIPMENT IN 2007? $70 BILLION
  4. 4. THROUGHOUT THE LAST DECADE, MAJOR PROFESSIONAL MEN’SSPORTS LEAGUES HAVE SEEN THEIR REVENUES INCREASE OVER WHAT % ANNUALLY? 10%
  5. 5. AT THE TURN OF THE CENTURY, THE 30 MLB TEAMS COMBINED TO LOSE HOW MUCH IN ONE SEASON ALONE? $232 MILLION
  6. 6. ECONOMICS OF SPORTTHE STUDY OF HOW PEOPLE WITHIN THE SPORT INDUSTRY DEAL DEAL WITH SCARCITY
  7. 7. SCARCITYWHEN PEOPLE WANT MORE OF THE PRODUCT THAN IS FREELY AVAILABLE FOR CONSUMPTION
  8. 8. A MARKET COMPRISES WHAT 2 FUNDAMENTAL ASPECTS? DEMAND & SUPPLY
  9. 9. WHAT IS THE OVERALL ECONOMIC IMPACT OF THE SUPER BOWL? $500 MILLION
  10. 10. SPENDING BY CORPORATE SPONSORS NOW EXCEEDS OF MUCH IN NORTH AMERICA? $15 BILLION WORLDWIDE? $40 BILLION

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