quiz 2 Flashcards
(39 cards)
a type of promotion that is paid, nonpersonal, and sponsored
advertising
the combination of names, symbols, slogans, or logos that identifies a product and distinguishes it from other products
brand
the segments of the population that are the most attractive and viable
targeting
target market’s perception of the sport event or the product’s key benefits and features, relative to the offerings of competitor’s events
positioning
dividing the total market into a group of consumers or potential consumers with similar attributes, attitudes, or behaviors
market segment
a document detailing the marketing activities that need to happen for an event to reach its objectives
marketing plan
build relationships with customers to produce sales for the sport event
personal selling
create and maintain relationships with consumers to create a positive image
public relations
process of developing a themed exhibit, display, or presentation to promote a product or service
event marketing
short term incentives to stimulate demand
sales promotion
a segment to which the event will be marketed
target market
dividing markets into different groups according to race, life stage, gender, income, education, occupation, generation, among others
demographic segmentation
dividing groups based on location
geographic segmentation
dividing the market into segments based on customer activities, interests, and opinions
psychographic segmentation
divides based on level of usage, level of loyalty, occasions, and benefits
behavior segmentation
the process of actively marketing and managing the sponsor’s partnership with an event
activation
non-sponsoring companies create the perception that they are sponsors of the event, which might in turn diminish the value for actual sponsors
ambush marketing
a means of measuring the success of your efforts
evaluating sponsorships
non monetary partnerships that provide a service or product to an event in exchange for sponsorship recognition
in kind sponsorship
the exchange of cash for association with the sport event or property. these are sponsors that give money directly to fund sport events
financial sponsorship
return on investment
effectiveness of the investment in monetary terms
effectiveness of the investment in helping to achieve established sponsorship goals
return on objectives
acquisition of rights to affiliate or directly associate with a product, person, organization, team, league, or event for the purpose of deriving benefits related to that affiliation or association
sponsorship
a specific level of involvement, or a package, ranging from minimal investment to full blown rights of ownership
sponsorship levels