We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Professional Sports Teams - Economic Market Analysis - Research Paper Example

Comments (0) Cite this document
Summary
Professional Sports Teams - Economic Market Analysis: Manchester United Economic Market Analysis: Manchester United Manchester United was one of the first clubs to position itself in those terms, actively seeking to exploit the commercial potential of its brand with its vast and varied fan base…
Download full paper
GRAB THE BEST PAPER
Professional Sports Teams - Economic Market Analysis
Read TextPreview

Extract of sample
Professional Sports Teams - Economic Market Analysis

Download file to see previous pages... Football, Cricket, Basketball etc are some of the popular games which are used for business purposes at present. These sports activities are marketed throughout the world with the help of different sports clubs formed at different parts of the world. For example, in America, different basketball clubs are functioning whereas in India different cricket and football clubs are functioning for business purposes. In Britain, Spain, Italy like countries, world famous Football clubs are functioning for business purposes and Manchester United is one of the popular football clubs in Britain. This paper briefly analyses the market structure of Manchester United. In one respect the place is Old Trafford where home games are played, but Manchester United also plays at a range of other venues. And, of course its products are sold across the globe, through the club's website and a range of other sales media. Manchester United markets itself as a global brand. The club also engages in a range of joint promotional activities, for example with the mobile phone company Vodafone. Manchester United books, shirts, programmes, keyrings and many other items are sold and promoted through its website. The club has positioned itself at the upmarket premier end of the market and, as a result, it tends to charge premium prices as evidenced by the high cost of a season ticket to watch home league games (Marketing mix (Price, Place, Promotion, Product), 2011) Manchester United is operating in a highly competitive sports market at present. It is difficult for any of the football clubs in the world to establish monopoly in the market because of the severe competition existing between different clubs. For example, Manchester United, Chelsea, Barcelona, Real Madrid, A.C. Milan etc are some of the prominent football clubs in the world which are engaged in severe competition to establish their supremacy over others. These clubs are always canvassing better players from other clubs in order to strengthen their team and to reduce the competition from other teams. Thus Football clubs like Manchester United is operating in a heavily contested global sports market at present. Apart from providing an excellent team for global football tournaments, Manchester United boosts its business prospects through other channels such as sale of shirts, and a range of memorabilia, television rights etc. It should be noted that Manchester United plays both home games and away games and they visit many other places for participating in different championships. They have a wide array of supporters both in England and in other parts of the world. They utilize their popularity for business purposes as other clubs do. Unlike many other business activities, establishing monopoly or oligopoly in sports market is extremely difficult. It is a fact that Microsoft enjoys monopoly in operating system market whereas OPEC enjoys oligopoly in the oil market. Because of the huge control in the market, these organizations can interfere and control the market more effectively than their competitors. They can increase or decrease the production and raise or lower the product price at any time they like. It is difficult for a sports club like Manchester United to enjoy such controls in the market (even though it is the richest football club in the world) because of the huge ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Professional Sports Teams - Economic Market Analysis Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1427468-professional-sports-teams-economic-market-analysis
(Professional Sports Teams - Economic Market Analysis Research Paper)
https://studentshare.org/macro-microeconomics/1427468-professional-sports-teams-economic-market-analysis.
“Professional Sports Teams - Economic Market Analysis Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1427468-professional-sports-teams-economic-market-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Canadian Market Economic Research
The features of the domestic market influence business decision making significantly. Here the purpose is to analyze and explain market economy of Canada. Before setting up a business organization in Canada, it is very much essential to have clear idea about Canadian market economy.
5 Pages(1250 words)Research Paper
Professional Sports Teams
Today, professional team sports are steadily reaping increased profits from sale of television broadcasting rights, team merchandise, and tickets (Eschenfelder & Li, 2007:26). The sort of income that professional team sports receive is enormous and is a major part of the gross domestic product of countries.
8 Pages(2000 words)Essay
Labor Economics: Description and analysis of monopsony in the labor market
A monopsonist confronts the supply curve that is between the price paid and quantity purchased. But a competitive buyer always accepts the price determined by the market. Therefore, a monopsonized market is characterized by a smaller quantity and a lower price.
8 Pages(2000 words)Research Paper
Performance Enhancing Drugs Should Be Allowed In Professional Sports
When individuals participating in the professional sporting arenas use drugs that are prohibited in order to elevate the level of their performance, they are held responsible for the act of doping by institutes that are indulged in the act of regulating sporting events (Gardiner 273).
8 Pages(2000 words)Research Paper
Economic Analysis
The cost of labour and capital are the most important things to consider when one to determine the quantities of both, when the cost of capital is higher than the cost of labour then we substitute capital for labour and if the cost of labour is higher than the cost of capital then we substitute capital with labour.
4 Pages(1000 words)Research Paper
Sports marketing
8). Through sports marketing, the various areas concerning sports achieve their objectives. Specialty firms qualify as the agencies of sports marketing. They
2 Pages(500 words)Research Paper
Economic Analysis
computers from the developed countries (Kelly, 1988). IPad, being the new product that Apple Company has launched, it is the available product that can be countertraded with India. To ensure high sales of iPad and optimization of profits in selling and
3 Pages(750 words)Research Paper
The Economic Value of Sports on National Development
149). In today’s world where there is a perfect integration of local and global environment sports impart a significant economic value to the national development of any country of the world. The paper
4 Pages(1000 words)Research Paper
The Economic Value of Sports on National Development
lobalization, commercialization of sports has also taken up an apex position with evidences in sports sponsoring, sale of broadcasting rights, ticket sales and innovative investments at local level and global levels. Income generation from sports is also robust. As for instance
4 Pages(1000 words)Research Paper
Market Analysis
As a wine manufacturer, the license type 01 best suits the activities carried out during the course of beer manufacturing and sales (Department of Alcoholic Beverage Control 1). It approves the sale of wine to anyone holding a
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Professional Sports Teams - Economic Market Analysis for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us