Title: Explain how the phases in the business cycle affect the sports and entertainment industries.
Course: Sports and Entertainment Marketing (12163-I) > Section: Describing the Economics of the Industry

Explanation should include

- a description of the business cycle phases (e.g., prosperity, recession, depression, recovery)
- factors that affect the business cycle (e.g., government regulations, consumer behaviors, ROI)
- examples from sports and entertainment (e.g., pricing factors, cost of customer acquisition).

Process/Skill Questions:

- How does a change in the business cycle affect the sports and entertainment industries?
- What sports and entertainment industries might continue to do reasonably well during a recession?
- How can sports and entertainment businesses attract and retain customers during the off-season?