Marketing
This is a group of potential customers that might be more included to purchases a product.
What is a target market
This document is a roadmap to help a facility reach its financial goals.
What is a budget.
This is the key to any claim based on foreseeability.
What is proper notice
Horseback, dogs, pepper spray, stink and smoke bombs have all be used to facilitate this type of issue.
What is crowd control problems
These are the 4 characteristics of marketing
What is price, product, promotion, and place
Advertising, Publicity and Public Relations are all types of this.
What is promotion
This type of budget requires a department to start from scratch every year that typically has some type of internal battle between departments.
What is zero-based budgeting
This is the process of taking private property for public use.
What is eminent domain.
Density, Speed and flow are all components of this
What is basic movement characteristics
This is a group of actual or potential customers for a given product.
What is a market
Once a target market is identified, advertisers will them move to advertise in this way.
What is product positioning
This is money that is required to be paid back in a specific time with some kind of interest. Typically this would require a vote from the public, if it is a public facility.
What is a bond
Duty , breach of duty, proximate cause, and injury are all components of this.
What is negligence
This refers to the number of people in a given space
What is density
These are the four elements required for a negligence claim.
What is duty, breach of duty, proximate cause and injury.
This type of marketing uses smells to advertise or sell a product.
What is aesthetic experience
Agreements, consideration, capacity and legality are needed to have this.
What is a valid contract
Under this law, persons with a disability can not be denied full or equal accommodations.
What is the Americans with Disabilities Act of 1990
This refers to the number of people that pass a given reference point in a given time frame.
Premium seating, ticket revenue, naming rights, advertising, PSLs and parking, are a few sources of this for a facility
What are revenue sources/streams
This refers to securing a specific date and time for an event.
What is scheduling
This rule limits a facility's liability if an incident occurs.
What is the Limited Duty Rule
This is a type of law that is developed through the court system over the years.
What is common law
Risk management, disaster recovery, supply chain management and health & safety management are all part of what type of program.
What is a continuity management program.
Final Jeopardy: Finance & Budgeting
Name a way a facility manager could create a revenue stream, during an event, that is of no cost to the organization?