EXAM #3: CH. 12, 13, 14, 16, 17, 19, & 20 Flashcards
the creation and execution of marketing mix strategies (production, pricing, promotion, and distribution) for products and services in the sport business industry to satisfy consumer wants and needs and achieve organizational objectives
sport marketing
comprehensive strategic and tactical frameworks for identifying and achieving a sport organization’s marketing goals and objectives
marketing plans
the elements of product, price, place, and promotion; sport marketers alter, modify, customize or manipulate these to achieve marketing goals and objectives
marketing mix
the life span stages of a sport product: introduction, growth, maturity, and decline
product life cycle
factors inside a sport organization that affect sport marketing (players, owners, team management, staff personnel)
internal factors
factors outside of a sport organization that affect the sport marketing climate (media, corporate sponsors, advertisers, spectators, geography, culture, economy, federal regulations, regulations of sport governing bodies)
external factors
a management technique available to sport marketers to help them assess the internal strengths and weaknesses of an organization and the external opportunities and threats that it faces
SWOT analysis
the process of using a name, design, symbol, or any combination of the three to help differentiate a sport product from the competition
branding
the process of identifying smaller and viable clusters of sport consumers who may exhibit similar wants, needs, and interests regarding sports
marget segmentation
the acquisition of rights to affiliate or associate with a sport product or sporting event to derive benefits from the affiliation or association
sport sponsorship
the collection of integrated activities that seek to communicate, inform, and ultimately persuade consumers to participate in the sport consumption activity, experience, or event
promotions mix
when a company who has not paid a rights fee to become and official sponsor attempts to unofficially create an association with a sport property
ambush marketing
the comprehensive way sport is distributed to consumers
place
the systematic process of obtaining, analyzing, and interpreting data or information to evaluate and improve marketing practices
marketing research
a portion of the population that is distinctive in terms of its needs, characteristics, or behavior
market segment
a market segment identified as the focus of an organization’s marketing efforts
target market
rewards given to a person by someone else
extrinsic rewards
rewards received by a person from the experience itself
intrinsic rewards
a distraction from a course or activity
diversion
positive levels of arousal provided to sport spectators
eustress
a group to which a person wishes to belong
aspirational reference group
the influence arising from factors that are particular to a specific time and place and are independent of individual consumers’ characteristics
situational influence
the perception of a difference between a desired state and the actual situation; the first stage of the decision-making process
need recognition
consumers’ expectations about the attributes of a core product
consumer demand
an indication of how well a delivered service conforms to the customer’s expectations in terms of what the customer is receiving and how the service is delivered through the interaction between the customer and the service provider
service quality
feelings of anxiety or doubt that can occur after an important decision has been made
cognitive dissonance
consumer (fan, customer) created content (photo, video, written review) related to a product or service used
user-generated branding
a process by which people in sport, in a sport setting or through a sport endeavor, share symbols as they create meaning through interaction
sport communication
varied results of communication regarding its effect on audience members and society in general
effects
depicts the dynamics of communication and the various settings in which communication occurs in sport
strategic sport communication model (SSCM)
communication through printed publications such as sports sections in newspapers, sports magazines, and sport books
sport print communication
the process by which a broadcast network, such as Fox Sports Go or HBO Now, delivers its content directly to a consumer through an Internet app. This delivery can eliminate the need for the consumer to subscribe to a cable or satellite provider.
over-the-top (OTT) delivery
sport-specific use of web-based applications to share information, opinions, and experiences
sport social media
sport-specific use of web-based applications in which the content (information, opinions, and experiences) is automatically deleted after a designated amount of time
sport ephemeral social media
a managerial communication-based function that identifies key organizational publics and develops desirable relationships with those publics
sport public relations