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Chapter 14
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Transcript

  • 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. STREET & SMITH’S SPORTSBUSINESS JOURNAL’S MOST RECENTESTIMATE IS THAT THE SIZE OF THE SPORT INDUSTRY IS WHAT? $213 BILLION
  • 3. HOW MUCH DID AMERICANS SPEND ON THE PURCHASE OF SPORTING GOODS & EQUIPMENT IN 2007? $70 BILLION
  • 4. THROUGHOUT THE LAST DECADE, MAJOR PROFESSIONAL MEN’SSPORTS LEAGUES HAVE SEEN THEIR REVENUES INCREASE OVER WHAT % ANNUALLY? 10%
  • 5. AT THE TURN OF THE CENTURY, THE 30 MLB TEAMS COMBINED TO LOSE HOW MUCH IN ONE SEASON ALONE? $232 MILLION
  • 6. ECONOMICS OF SPORTTHE STUDY OF HOW PEOPLE WITHIN THE SPORT INDUSTRY DEAL DEAL WITH SCARCITY
  • 7. SCARCITYWHEN PEOPLE WANT MORE OF THE PRODUCT THAN IS FREELY AVAILABLE FOR CONSUMPTION
  • 8. A MARKET COMPRISES WHAT 2 FUNDAMENTAL ASPECTS? DEMAND & SUPPLY
  • 9. WHAT IS THE OVERALL ECONOMIC IMPACT OF THE SUPER BOWL? $500 MILLION
  • 10. SPENDING BY CORPORATE SPONSORS NOW EXCEEDS OF MUCH IN NORTH AMERICA? $15 BILLION WORLDWIDE? $40 BILLION