The Importance of Sports and Entertainment Marketing

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The Importance of Sports and Entertainment Marketing

Marketing Defined

The Marketing Process

Developing

Promotion

Distribution

The Marketing Concept

Who’s the Market?

Needs and Wants

Target Market

Confused yet?

Mass Marketing

Demographics

Demographics

Marketing Mix or the 4p’s

The Marketing Mix

Product Decision Place (Distribution)

DecisionPromotion DecisionPrice Decision

Product Decisions

Price Decisions

Place (Distribution) Decision

Promotion Decisions

Quick Review

Economics of Marketing

Gross Domestic Product (GDP)

Profit !!!

Risk

How to help eliminate risk

Competition

Price Competition

CopyrightsClick the picture

PatentsClick the picture

TrademarksClick the picture

Types of Ownerships

Sole Proprietorship Partnership Corporation S Corporation

Sole Proprietorship

Sole proprietorship advantages

Disadvantages of sole proprietorships

Partnership

Advantages of Partnerships

Disadvantages

Partnership agreement

Corporations

S Corporations

Recap

Economic Impact

The Bottom Line

Homework

-30pts. for late assignments-30pts. for late assignments

• Key Terms – Pages 6 & 12

• Quick Check – Pages 11 & 20

• Seeing the Big Picture – Page 22

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