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Ch 2 Sports and Entertainment: Connections/Contrasts
Mrs. Dare's Sports and Venue Marketing Course
20
Marketing
12th Grade
09/27/2012

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Cards

Term
ancillary product
Definition
a product related to or created from the core product
Term
consumer loyalty
Definition
consumers' attitude that occurs when they are happy with a company and become repeat customers
Term
consumers
Definition
people who use products
Term
convergence
Definition
the overlapping of product promotion
Term
core product
Definition
the main product, such as sports event, movie, stage show or book
Term
cross-promotion
Definition
any form of communication through which one industry relies on another industry to promote its product
Term
discretionary income
Definition
money left to spend after necessary expenses are paid
Term
endorsement
Definition
approval or support of a product or idea, usually by a celebrity
Term
kinetoscope
Definition
a device used to view a sequence of moving pictures
Term
piracy
Definition
the unauthorized use of an owner's or creator's music, movies, or other copyrighted material
Term
product
Definition
a good or service that any for-profit industry sells to its customers
Term
product tie in
Definition
use of ancillary products such as merchandise as promotional tools
Term
promotion
Definition
any form of communication used to persuade people to by products
Term
revenue
Definition
gross income
Term
risk management
Definition
a strategy to offset business risks
Term
risks
Definition
unforeseen events and obstacles that can negatively affect business
Term
royalty
Definition
a payment for material that has been copyrighted, or legally declares as belonging to the creator
Term
sponsorship
Definition
the promotion of a company in association with a property
Term
synergy
Definition
a combined action that occurs when products owned by one source promote the growth of related products
Term
vendors
Definition
sellers of products
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