1. Why would a potential sponsor be interested in an organization's market
Being a sponsor is all about bringing your brand to light. So, seeing an
organizations market reach will help them see how many customers they
will be likely visible to.
1. Why do you think many businesses operate at a loss for years before they
begin to make profit?
The businesses will operate at a loss because they are waiting for it to grow.
Also, they can be dependent on investors, and when able to, they can writeoff
1. Using a specific example, discuss how marketers can accommodate
different segments of their target market.
Companies must learn to become versatile. For instance, sports brands such
as New Balance market to athletes, but also use different ads to targe
1. According to the article, approximately how much money do corporations
spend on college football sponsorships?
Tens of millions of dollars.
2. Does the author make a convincing argument as to why each of the ten
companies proposed should hop on the col
1. Do you think blurring the line between a business good and a consumer
good is an effective marketing strategy? Explain.
This is a very effective marketing strategy. It allows the consumer to have
what they want and the business to have it at their disp
In module one, it was all becoming familiar with the basic principles of marketing. It taught me
about the exchange process and how it has developed over the years. This module also helped
explain how perceived and real value is used. Using rese
1. In your opinion, what is the most important factor affecting the demand for sports and
In my opinion, the most important factor that affects the demand of these commodities is the
supply. For example, if you were looking for
1. What suggestions would you make to the team owner about improving the
experience at the hockey arena for games? Discuss at least three ideas that
would make coming to the games more enjoyable for the fans.
Many things could rally up more people to come
1. How might a company go about determining the proper
distribution channel(s) for its product?
Picking your distribution channel has to do with who you want to sell to and
how much you want to make from it. Distributing through wholesalers, you
1. Do you think most celebrity endorsers abide by FTC laws
regarding their personal use of the products they endorse?
Yes, I do believe that the majority of celebrities abide to the FTC laws
regarding the personal use of the endorsed products. However, th
Last Name 1
Economics with Financial Literacy
When taking the career survey, the responses revealed two main categories for my
choices. One was a Medical path and the other was a Computer Studies path. I agree with both
August 30, 2016
What do you know about supply and
August 30, 2016
Market, Demand, Quantity Demanded
Market: an institution or mechanism, which
brings together buyers and sellers of
particular goods & services
September 7, 2016
Test in one day! How prepared are you?!?
REVIEW UNIT 1
Rules: No cheating! No phone, no notes, no nothing!
Write the answer on the white board. Do NOT show until asked!
What is the difference between scarcity
Extra! Extra! Tell us all about it!
Your Name: _
What is the Headline of your article: _
Is your article controversial? _ Yes _ No
What is the main point of the article? _
In your opinion, what are the two most significant statements (or qu
Bell work Sept. 12, 2016
people watch the Super Bowl
for one thing.the commercials.
Why do you think sponsors spend
millions of dollars to advertise on
Super Bowl Sunday?
Event Due Thurs. Sept. 22
Super Bowl Commercials
1967 it was $37,
Supply & Demand Quiz
1. Draw a demand curve.
2. Draw a curve shifting for automobiles in the following situations:
a. Consumers income drops. What happened to the demand for automobiles?
b. Price of automobiles expected to rise soon. What happens
Elasticity of Demand Practice
1. A 10 percent increase in income brings about a 15 percent decrease in the demand for a good. What is the
income elasticity of demand and is the good a normal good or an inferior good? Be able to explain your answer.
August 28th, 2015
Demand for Jackets
1) Increase: A new brand of jackets just came out. The designer claims that a new mate
August 26, 2015
01.03 Create a T-Chart
Use the T-chart below to help you organize information and identify costs and benefits. At the top of your chart, state your dilemma in the
form of a question. You should have a minimu