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Commercialisation and Globalisation

Sport as a commodity and consumerism

  • 3 things to know
  • A2 Unit 3

Overview

Sport as a commodity and a big business, market forces, consumerism, ways to sponsor sport, the advantages and disadvantages of sponsorship for sports and performers, controversial sponsors and brand awareness.

What you need to know

Answer each one before you reveal it.

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Key term

What are the downsides of sponsorship, and what is brand awareness?

Key term

What is meant by sport as a commodity?

Key term

How has sport evolved into a big business?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    What is meant by sport as a commodity?

    Model answer

    Sport as a commodity means sport is a product to be bought and sold. Matches, rights, players and kit all have a market value.

  2. 2

    How has sport evolved into a big business?

    Model answer

    Sport now earns vast sums from broadcasting, sponsorship, tickets and merchandise. Clubs are run as businesses and some are listed companies.

  3. 3

    What is meant by market forces in sport?

    Model answer

    Market forces are the pressures of supply and demand that set prices and wages. Popular sports and stars command the highest fees.

  4. 4

    What is consumerism in sport?

    Model answer

    Consumerism is the buying of sporting goods, services and experiences. Fans consume sport through tickets, subscriptions and merchandise.

  5. 5

    How does the sport industry influence consumers?

    Model answer

    The industry markets products through star performers and events. Replica kit changes each season encourage repeat buying.

  6. 6

    What are the different ways a business can sponsor sport?

    Model answer

    A business can sponsor a performer, a team, an event, a competition or a stadium. Sponsorship can be money, equipment or services.

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