1.If you overproduced T-shirts for a given team and could not resell the remaini

Question

1.If you overproduced T-shirts for a given team and could not resell the remaining shirts, what would you do with them?

2.Develop a list of all the fixed costs that you can imagine for a NBA team.

3.Develop a list of all the variable costs that you can imagine for a nonprofit sports event such as a 5K road race.

4.How should professional sports teams handle their high labor costs, especially when fans are upset that they have to pay so much to attend games?

5.Share your main ideas on how you would reduce costs for your sport organization without eliminating human resources

Explanation / Answer

1) If I overproduced T-shirts for a given team and could not resell the remaining shirts, then I will put a stall at the entrance of the stadium and will sell them to the fans of the team. I will also get few T-shirts signed by the team members and sell them at high margins.

2) Fixed costs for a NBA team;

1 Transportation

2. Food

3. Energy drinks

4. Residence

5. Player's Salary

6. Staff's Salary

7. Coach's Salary

8. Cheer Girls' Salary

3) Variable cost:

a) Marketing Cost

b) Campigns

c) Event (arena) costs/leases

4) I don't think professional sports team should worry about high labor cost, which includes the high salary of the team as the high salary is the willingness of the fans to pay to see them play. However, to improve their experience at the stadium, few leisure activities could be included to please the audience.

5) To reduce costs for sports organization without eliminating human resources: staff should be hired on a temporary basis. The leisure and transportation fees of the team player should be limited to each player. Salary of the team player could be based on their performance at the tournament. etc.

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