Question 1

Most professional sports teams are LEAST concerned about what type of organization objective?

Accepted Answer

A)  income 
B)  sales 
C)  competition 
D)  revenue 
E)  promotion

Question 2

There are four categories of organizational objectives that influence pricing decisions.Which of the following is NOT one of those categories?

Accepted Answer

A)  income 
B)  consumer 
C)  sales 
D)  competitive 
E)  social

Question 3

An average ticket price to a single NY Jets game is reduced from $65.00 to $55.00 and the number of units sold increases dramatically. The demand is considered _____.

Accepted Answer

A)  unitary 
B)  inelastic 
C)  appealing 
D)  elastic 
E)  both a and d

Question 4

External (or environmental)factors are controlled by the sports product organization.

Accepted Answer

A) True 
 B)False

Question 5

The text lists five laws that have affected the pricing of sports products.List and describe three of these laws.

Accepted Answer

The answer of The text lists five laws that have...

Question 6

A statement of value for a sports product is (a)_____.

Accepted Answer

A)  price 
B)  discount fee 
C)  exchange process 
D)  contract 
E)  value

Question 7

Advertising and promotional costs for a local minor league baseball team that can increase or decrease from month to month would be a good example of variable cost.

Accepted Answer