Identification should include expenditures for facility/venue, salaries, and promotion.
Process/Skill Questions:
- What are the key elements of venue operations? How do they contribute to overhead expenditures?
- How do expenses affect promotional decision-making in the sports and entertainment industries?
- How can you cut expenses without negatively affecting operations?
- What expenditures are the most volatile?
- How would you ensure that increased expenditures result in increased revenue?
- How would you decrease fixed expenditures?