Facility External Drivers Flashcards
1
Q
External Drivers
A
- Disposable income
- Number of adults between 2 to 64
- Participation in sports
- Time spent on sports
- Yield on 10-year treasury note
- Economies of scale
- Effective product promotion
- Business expertise
- Carrying out necessary maintenance
- Ability to attract local support and fans
2
Q
Disposable income
A
- is it high or low
- Increasing or decreasing
3
Q
Number of adults aged 20 to 64
A
- Are there lots of people or not
- Is the number going up or down
4
Q
Yield on 10-year treasury note
A
- Government sets interest rates (this affects the rate in which arenas are fixed and built at)
5
Q
Economies of Scale
A
- The more people that are present they have more access to more and share more information to make the efficiency and profit higher
6
Q
Effective Product Promotion
A
- The more they can promote themselves the more likely they are to be profitable
7
Q
Business Expertise
A
- Knowing and having experience with business the more successful the business can be
8
Q
Carrying out Necessary Maintenance
A
- Making sure that everything is safe and updates that are needed are made
9
Q
Ability to Attract Local Support and Fans
A
- We want to be the way that people use their disposable income and their extra time to come support the events that we are putting on