Commercialisation Flashcards
What is the golden triangle
The interrelationship between sport, business and media
What is commercialism
The process of attempting to gain money from an activity
Sponsorship
When a company pays for their products to be publicly displayed or advertised, usually as an attempt to increase the sales of there goods
Merchandising
The practise in which the brand or image from one product is used to sell another.
What are three characteristics of commercial sport
Contracts
Wide media coverage
Entertainment
Effects of commercialisation on professional performers (3)
Receive high incomes.
Must specialise in sport in order to compete.
Successful results = pay rise
What is globalisation
The process by which nations are increasingly being linked together and people are becoming more independent via improvements in communication and travel
What are the reasons why companies invest large amounts of money into sport? (2)
Improves company morale
Gives an opportunity to link to corporate hospitality
Sponsorship
When a company pays for their products to be publicly displayed or advertised
Merchandising
The practice in which the brand or image from one ‘product’ is used to sell another