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
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2
Q

Disposable income

A
  • is it high or low
  • Increasing or decreasing
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3
Q

Number of adults aged 20 to 64

A
  • Are there lots of people or not
  • Is the number going up or down
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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)
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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
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6
Q

Effective Product Promotion

A
  • The more they can promote themselves the more likely they are to be profitable
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7
Q

Business Expertise

A
  • Knowing and having experience with business the more successful the business can be
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8
Q

Carrying out Necessary Maintenance

A
  • Making sure that everything is safe and updates that are needed are made
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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
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