Title: (Optional) Explain how the phases in the business cycle affect the sports, entertainment, and event industries.
Course: Sports, Entertainment, and Event Marketing > Section: Describing the Economics of the Sports, Entertainment, and Event Industries

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 of the business cycle from sports, entertainment, and events (e.g., pricing factors, cost of customer acquisition).

Process/Skill Questions:

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