Ask Question
BusinessBusiness
28 December, 13:43

Why are female fans particularly valuable to the sports industry? Cite two specific reasons.

+5
Answers (1)
  1. 28 December, 16:23
    0
    1. Potential huge target market for ticket sales

    2. Advertising opportunities for different products

    Explanation:

    The proportion of female sports fan actually pretty low compared to the male counterpart. (For example, only around 22% of the basketball's fan base are women.)

    That begin said, sports industry might want to focus on expanding the women's fan base because it could provide them with good financial incentives:

    1. Potential huge target market for ticket sales and merchandise

    More women fan base equal to more ticket sales that sold overall during the games, as long as it does not surpass the stadium's capacity. The sales of team's jersey and signs will also increase along with it.

    2. Advertising opportunities for different products

    Advertising is a huge chunk of sports teams' profit. Since the majority of sport fans are men, the products that partnered with the team for advertisement tend to be to targeted toward men (such as truck tire or male cologne). Having larger women fan base will provide opportunities for brands that targeted toward women.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why are female fans particularly valuable to the sports industry? Cite two specific reasons. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kristin arranged 9 flowers in a vase 5 of the flowers were tulips what fraction of the flowers are tulips
Answers (1)
O ciclo operacional é a base para se calcular o ciclo financeiro que corresponde ao intervalo de tempo entre os eventos financeiros do ciclo operacional.
Answers (1)
True or False The biggest incentive to work hard under a capitalist system is to make more money.
Answers (2)
When considering your financial situation you should consider A) long-term goals B) short-term goals C) medium-term goals D) All of the above
Answers (2)
The major objectives associated with a market penetration pricing strategy are to
Answers (1)
New Questions in Business
A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars of a better known brand-whose products are priced at $8 apiece.
Answers (1)
The goal of the biological (ergonomic) approach to job design is: a. to make the work simple so that anyone can be trained quickly and easily to perform it. b.
No Answers
Perfect price discrimination describes a situation in which the monopolist a charges exactly two different prices to exactly two different groups of customers. b maximizes consumer surplus. c experiences a zero economic profit.
Answers (1)
On August 1, Masters Company buys 2000 shares of ABD common stock for $72500 cash. On December 1, the stock investments are sold for $75000 in cash.
Answers (1)
The net income earned by the cooper, cross, and crane partnership is $18,000. their respective average capital balances are $20,000, $20,000, and $40,000.
Answers (2)
Home » Business » Why are female fans particularly valuable to the sports industry? Cite two specific reasons.
Sign Up Forgot Password?