Sports Marketing

3. quantity of a product that consumers are willing to purchase at a particular price.
5. the secondary spending that happens when the money spent directly is in turn spent multiple times in the local economy.
6. the point where the supply and demand curves intersect.
8. uses a lower than normal price to introduce a new product in order to gain a large market share.
10. Businesses that use resources to develop the product.
14. a process that involves planning, pricing, promoting, selling, and distributing products that are designed to satisfy the needs and wants of customers.
15. is used to describe all potential customers who have a need or want for a product
17. quantity of a product that producers are willing to provide at a particular price.
18. Land, Labor, and Capital are the 3 ________.
19. pricing strategy that offers a unique or rare product/service at a very high price. Will decrease in value over time.
21. when demand is greater than supply.

1. A product that you can't touch.
2. A product you can touch.
4. any strategy that creates an impression in the mind of the customer that suggests a bargain or prestige.
7. selling several products as a package for a set price.
8. is setting the price at a very high level to target customers seeking high status and superior quality
9. a psychological pricing strategy in which goods or services are given either an odd number or an even number to match the product’s image.
11. when supply is greater than demand.
12. result of the initial spending required to support the event, or for attendance at the event.
13. a strategy where the product is sold at cost or below in order to attract customers to the business.
16. Those who buy products.
20. special ticket prices to members of a group when tickets are purchased in large quantities.