Only 30% of family companies make it to the second generation after being owned by the first. Only 12% of the second generation make it to the third.
Lack of Financial Education among Heirs: This leads to bad judgment and puts the family's wealth in tremendous danger. Families that neglect to instill in the next generations a feeling of accountability, stewardship, history, and family values ultimately fail their company.
Only around 30% of family firms are still in operation after the second generation, only about 12% are still operating after the third generation, and only about 3% of all family enterprises are still in operation by the fourth generation, according to The Family Firm Institute.
To know more about Family Businesses Transition here
https://brainly.com/question/12069424
#SPJ4
name and describe the elements of the gaps model as it relates to services marketing. which of the gaps is the most difficult for the provider to close and why?
Services marketing is a type of advertising that companies who offer their clients a service use to raise their brand recognition and sales.
Why is service marketing important?Professionals can analyze customer satisfaction and pinpoint areas for improvement using the gap model of service quality. Customer service is a part of most businesses, regardless of whether they are sales- or service-focused.
The framework looks at the following five gaps:
There is a disconnect between what management believes and what customers anticipate.Disparity between management perception and service quality requirements.There is a discrepancy between the service quality requirements and service delivery.Service delivery and external communication gapsthe discrepancy between expected and actual service.The performance gap, which reflects the discrepancy between service quality specifications and service delivery, is the third gap in the model.
The third gap is the most challenging to close since it calls for coordination of all company-wide human resources issues, including hiring, teamwork, training, rewards, and empowerment.
To learn more about gaps model refer to:
https://brainly.com/question/25640993
#SPJ4
a company has a beta of 3.25. if the market return is expected to be 14 percent and the risk-free rate is 5.5 percent, what is the company's required return?
If a company has a beta of 3.25. if the market return is expected to be 14 percent and the risk-free rate is 5.5 percent, the company's required return is 33.13%.
How to find the Required rate of return?Using this formula to find the Required rate of return
Required rate of return = Risk-free rate + (Market return - Risk-free rate) x beta
Where:
Risk-free rate = 5.5%
Market return = 14%
beta = 3.25
Let plug in the formula
Required rate of return = 5.5% + (14% - 5.5%) x 3.25
Required rate of return = 5.5% + 8.5% x 3.25
Required rate of return = 5.5% + 27.625%
Required rate of return = 33.125%
Required rate of return = 33.13% (Approximately)
Therefore the Required rate of return is 33.13%.
Learn more about Required rate of return here:https://brainly.com/question/24301559
#SPJ1
The chapter explain five international marketing orientation. Which one mot applie to Tommy Hilfiger? Explain why
Utilizing a marketing mix framework that includes the 4Ps, Tommy Hilfiger's marketing strategy analyses the brand.
What is Tommy Hilfiger Product Strategy?Following are explanations of the product mix and strategy used by Tommy Hilfiger in its marketing campaign:Having a broad selection of garments and a significant global presence, Tommy Hilfiger is a well-known fashion brand. Numerous products in the high-end fashion and lifestyle segments are available from Tommy Hilfiger. In addition to focusing on American classic designs and giving them a contemporary spin, they offer buyers style, quality, and value. Its marketing mix offers a variety of product categories, such as: Denim GarmentsA watchShoesHandbags. Home furnishings and style Flavorings Eye protectionThe company has introduced a number of lines of brands and collections that enable it to appeal to a wider range of customers while also comprehending the various fashion preferences of each section. With offerings for men's, women's, men's, women's, shoes, and accessories, Tommy Hilfiger's core product line offers designs across 25 categories and is targeted at customers aged 25 to 40. There is a children's section of Tommy Hilfiger's website. The 18 to 30 age group is the target market for the Tommy Hilfiger Denims brand, which features more edgy and casual designs.To Learn more About Tommy Hilfiger's marketing strategy refer To:
https://brainly.com/question/15309083
#SPJ4
hightech, inc. has issued bonds that mature in 10 years that pay an 6% coupon semi annually on a $1,000 face value. if your require rate of return in 8%, what is the most you'd be willing to pay for this bond?
The current cost of a $1000 6% yield bond, the bond's price for ten years is $920. By summing up all annual coupons paid and dividing that number by the bond's face value, the coupon rate is calculated.
What is the current price of a $1000 6% coupon bond?Working Note:
i= 6%
=6%/2 (compounded semi-annually)
=3%
n= 10
=10 x 2 (compounded semi-annually)
=20 years
Step 1: Calculation of coupon payments:
Coupon payments= FV x (coupon rate/ no. of compounding)
=$1,000 x (8%/2)
=$40
Step 2: Calculation of bond’s MV:
MV of bonds= Coupon payments x [tex][1-{1/(1+i)^n}/i]+ FV/(1+i)^n[/tex]
=40 x[tex][1-{1/(1+3%)^20}/3%][/tex]+ 1,000/(1+3%)^20
=40 x 14.88 + 553.68
=595.10 + 553.68
= 1,148.77
Where,
FV= face value
MV= market value
i= yield
n= no. of period
Hence, the bond’s MV is $1,148.77.
The yield to maturity is determined using the current price of $800 as the starting point: 800 equals 1000 / (1 plus yield to maturity) Yield to Maturity = 1.25 times 1. yield to maturity is 25 percent
A bond's coupon rate can be determined by dividing the total annual coupon payments made by the security by the bond's par value. The coupon rate, for instance, is 5% on a $1,000 face value bond that pays a $25 coupon twice a year.
To learn more about hightech company refer to:
https://brainly.com/question/13098322
#SPJ4
conflict between persons or groups in an organization is always destructive and must be avoided at all costs. group of answer choices true false
The statement conflict between persons or groups in an organization is always destructive and must be avoided at all costs is: False.
What is conflict?'Conflict can be defined as a form of disagreement that occur between two parties or two or more people. Conflict resolution be use to settle any form of conflict based on the fact that it help to settle disagreement.
The statement is false because conflict do arise among people and in the organization and this occur due to lack of agreement . Conflict is not destructive in as far as conflict resolution can be use to settle the conflict among parties involved in it.
Therefore the statement is false.
Learn more about conflict here:https://brainly.com/question/26083560
#SPJ1
holding all else constant, a decrease in cash will decrease the acid-test ratio. true or false?
The given statement "Holding all else constant, a decrease in cash will decrease the acid-test ratio" is true.
A drop in currency will result in a fall in the acid-test ratio, everything else being equal. Since cash is a liquid asset, it is a part of the acid-test ratio's numerator. Keeping everything else the same, a decline in cash will result in a decline in the acid-test ratio (a decrease in the numerator makes the ratio smaller).
The acid-test ratio evaluates a company's "quick assets" (cash and accounts receivable) in relation to its current liabilities. It is one of the six fundamental computations used to assess a company's short-term liquidity, or its capacity to pay its debts as they become due.
To know more about Acid-test ratio here
https://brainly.com/question/18651370
#SPJ4
which type of documentation is concerned with specifying what data must be collected and how long it must be retained in regards to an organization?
Policies must be collected and how long it must be retained in regards to an organization. The act or instance of providing or authenticating with documents Documentation can be of two types: products and processes. Product documentation describes.
The product under development and provides instructions on how to use it. Process documentation, on the other hand, refers to all of the material produced during the development process. Documentation helps to ensure that consent and expectations are met. It is beneficial to tell the story of decisions made and how you or the client responded to various situations. Similarly, it is critical to document information that can help support the proper treatment plan and the reasoning for such services.
To learn more about Documentation, click here.
https://brainly.com/question/27396650
#SPJ4
in the 1980s, congress and the president responded to changes in the business climate by passing a broad new set of regulations on businesses. true false
This declaration is false. In the 1980s, Congress and the president responded to changes in the business climate by using passing a wide new set of guidelines on business.
What has Congress executed for climate change?The U.S. House of Representatives today permitted the Inflation Reduction Act of 2022. The bill consists of about $370 billion in easy electricity and climate investments over the next 10 years
How has the authorities helped climate change?Reducing U.S. greenhouse fuel emissions 50-52% beneath 2005 levels in 2030. Reaching one hundred percent carbon pollution-free electricity through 2035. Achieving a net-zero emissions economy by 2050
Global climate alternate was first addressed in United States coverage commencing in the early Fifties
Learn more about climate change here:
https://brainly.com/question/24316365#SPJ4question content area the statement of cash flows is not one of the basic financial statements. true false
The assertion is accurate. The cash flows statement is not one of the fundamental financial statements, according to the question area.
Why Is the Free Cash Flow Important and What Does It Mean?The money that remains after a corporation pays its operational costs and capital expenditures is known as free cash flow. It's the money that is left over after paying for expenses including rent, taxes, and wages. FCF can be used however businesses see fit.
FCF is a crucial metric since it reveals how effectively a business generates cash.
Are Cash Flow Statements Required for Reporting by Businesses?Since 1987, the cash flow statement has been a necessary component of the financial reporting requirements for public companies, complementing the balance sheet and the income statement.
To know more about cash flows visit:
https://brainly.com/question/14562429
#SPJ4
classify the actions described as examples of expansionary or contractionary (restrictive) monetary policy.a. the federal reserve sells bonds on the open market.
The above case represents the case of Expansionary monetary policy.
Explain in detail.
Short-term interest rates are lowered or the money supply is increased more quickly than usual as a result of expansionary monetary policy. It is implemented by central banks and accomplished through interest rate setting, reserve requirements, and open market activities.Expansionary monetary policy is a technique used by central banks to boost a flagging GDP and economy. Reduced reserve requirements for banks, increased purchases of government assets, and lower interest rates are the three tools the Federal Reserve uses to conduct an expansionary monetary policy.Inflation rates rise as more money is injected into the economy. It may benefit or hurt the economy, depending on the situation. The excessive expansion of the money supply could lead to levels of inflation that are unsustainable.To know more about Interest here
https://brainly.com/question/25816355
#SPJ1
what is the additional cost to the firm when the monopolist lowers the price from $18 to $12? a. $40 b. $15 c. the firm saves $15. d. $30
The additional cost to the firm when the monopolist lowers the price from $18 to $12 will be $40.
What do you know about Monopolists?
A monopolist is an individual, group, or company that dominates and controls a specific market for a good or service.
Because there is no competition and no substitute goods or services, the monopolist has enough market power to charge high prices.
While being the sole or dominant player in a sector is not illegal in and of itself, government sanctions may be imposed if the monopolist's behaviour begins to severely limit the free market.
The federal government of the United States regulates unfair competition by enforcing antitrust laws, which limit monopolies and protect consumers from predatory business practises.
So, The required answer is $40.
To learn more about Monopolists:
https://brainly.com/question/13113415
#SPJ4
a company subscribing to ethical relativism would implement the morality of the . a. host country b. shareholders c. legal system d. home country
Moral growth, individual values, family influences, peer influences, and life experiences are the personal variables that shape a person's ethical standards.
What are the four factors that determine ethical behavior? Moral growth, personal beliefs, influences from family, peers, and life events are the individual variables that affect someone's ethical standards.Managers from industrialized countries are frequently thought to have a righteous, moralist stance.The ethical standards of a multinational's home country are, according to a virtuous moralist, the ones that businesses should adhere to abroad.A U.S. individual or entity is prohibited from offering, paying, or promising to pay money or anything of value to a foreign official under the Foreign Corrupt Practices Act (FCPA) in order to win or keep business.Honesty, justice, integrity, and understanding are all characteristics of ethical behavior.A company-wide code of ethics can be established, among other strategies, to support an ethical workplace culture.
To learn more about ethical behavior refer
https://brainly.com/question/27962109
#SPJ4
if the initial purchase of the bonds was completed between interest dates, the journal entry to record the purchase would include a
The initial payment will include the interest.Therefore, as part of the entry, the amount of the interest will indeed be credited to Interest Receivable.
How do you describe an initial payment?The initial payment is the sum that the buyer must pay in accordance with the seller-assisted marketing plan contract before to or at the moment of delivery of the supplies, goods, or services, or within six months of the buyer starting the seller-assisted marketing plan's operations.
How is marketing conducted out?It is known as the "value stream" when it comes to creating, transmitting, delivering, and exchanging products and services that are beneficial to customers, clients, business associates, and society at large.
Complete Question:The journal entry to reflect the original bond purchase would comprise the following transactions:
a)credit to Interest Payable,
b)debit to Interest Income,
c)debit to Interest Receivable, and
d)credit to Interest Receivable.
To know more about initial payment visit:
https://brainly.com/question/23239626
#SPJ4
Although the initial cost of capital may be greater with local borrowing, it may be better to borrow locally if the.
Answer:
local currency is expected to depreciate on the foreign exchange market.
Explanation:
Although the initial cost of capital may be greater with local borrowing, it may be better to borrow locally if the local currency is expected to depreciate on the foreign exchange market
Which of these can you invest in without assuming any risk?
(1 point)
bonds
property
stocks
none
Answer:
none
Explanation:
correct
suppose that the government is required to balance the budget. which is an appropriate discretionary approach during a recession, and what effect would it have to the economy? cut taxes to encourage consumer spending, which would minimize the effects of the recession. invest in public infrastructure that promotes employment and stimulates the economy. cut government spending to equal tax revenue, possibly magnifying the effects of a recession. increase government spending to stimulate the economy, causing an increase in overall aggregate demand.
The most appropriate discretionary approach during a recession would be to increase government spending to stimulate the economy, causing an increase in overall aggregate demand.
What is aggregate demand?Aggregate demand is an economic measure of the total demand for goods and services in an economy at a given point in time. It is calculated by summing up all the demand for goods and services from all sectors of the economy, including consumption, investment, government spending, and net exports. Aggregate demand is one of the primary indicators of an economy’s health. When aggregate demand is high, businesses are likely to invest, hire more workers, and produce more goods and services. Conversely, when aggregate demand is low, businesses may cut back on production and hiring, leading to slower economic growth.
This approach would involve the government spending money on projects and initiatives that will create jobs and stimulate economic activity. This would be beneficial for the economy as it would create jobs, create new products and services, and increase consumer spending. As consumers have more money to spend, businesses will have more customers to serve, creating a positive cycle of economic growth. Additionally, this approach could be paid for by borrowing or increasing taxes on wealthier individuals, meaning that it would not add to the deficit or require the government to balance its budget.
To learn more about aggregate demand
https://brainly.com/question/1490249
#SPJ4
jamaica corp. is adding a new assembly line at a cost of $8.5 million. the firm expects the project to generate cash flows of $5 million for the next four years. its cost of capital is 16 percent. what is the net present value of this project? (do not round intermediate computations. round final answer to nearest dollar.)
jamaica corp. is adding a new assembly line at a cost of $8.5 million. the firm expects the project to generate cash flows of $5 million for the next four years. its cost of capital is 16 percent, 19.87% or 20% is the net present value of this project.
What is cash flow?The flow of money into and out of an organisation is known as cash flow. Cash spent indicates outflows, whereas cash received indicates inflows. A financial statement that details the sources and uses of a company's cash over time is called a cash flow statement.
Payroll, the cost of items sold, rent, and utility bills are a few examples of these financial outflows. When corporate activities are very seasonal, cash outflows might vary greatly.
Cash flow is crucial because it makes it possible for you to both fulfill your current financial responsibilities and make plans for the future.
Initial Cash Flow, CF₀ = -$8,500,000
So Year 0 Cash Flows, CF₀ = -$8,500,000
Year 1 Cash Flows, CF₁ = $2,000,000
Year 2 Cash Flows, CF₂ = $3,000,000
Year 3 Cash Flows, CF₃ =$4,000,000
Year 4 Cash Flows, CF₄ =$5,000,000
So Net Present Value = [CF₀+CF₁/(1+r) +CF₂/(1+r)2 +CF₃/(1+r)3+CF₄/(1+r)4]
If NPV =0; Then the discounting rate, r is the IRR of the project
So, 8.5 = [2/(1+r) + 3/(1+r)2 +4/(1+r)3+5/(1+r)4]
On solving for r using trial & error, we get IRR,
r = 0.1987 or 19.87% or 20%
To know more about cash flows refer to:
https://brainly.com/question/735261
#SPJ4
gagliardi way corporation has an expected roe of 15%. if it pays out 30% of its earnings as dividends, its dividend growth rate will be .
Gagliardi way corporation has an expected ROE of 15%. if it pays out 30% of its earnings as dividends, its dividend growth rate will be 10.5%.
The (ROE) return on equity is a live of the gain of a business in relevance the equity. As a result of shareholder's equity is calculated by taking all assets and subtracting all liabilities, ROE is thought of as a come on assets minus liabilities.
A dividend is a distribution of profits by an organization to its shareholders. once an organization earns a profit or surplus, it's ready to pay a little of the profit as a dividend to shareholders. Any quantity not distributed is taken to be re-invested within the business (called maintained earnings).
To learn more about dividend growth rate here
brainly.com/question/29744802
#SPJ4
with respect to leadership, what statement best reflects the impact of a leader who is located apart from his or her subordinates? group of answer choices
Characteristics which detract from the authority of the leader yet enhancing group members' performance were called substitutes. Often, a team that functions well together serves as a stand-in for leadership.
The process of instilling direction into a team or organization." The Oxford Dictionary describes leadership in this manner. Simply put, leadership involves taking chances and questioning the existing quo. Leaders inspire followers to accomplish something greater and new.
It's not necessary for leadership to occur within such a hierarchical organizational structure. Not all managers are also leaders.
A lower position inside the hierarchy is referred to as subordination in an organisational context. Leaders are given a higher rank than followers, and vice versa. That is the general impression, and it is still the case in many organizations today.
The question is incomplete, i have given answer in general way.
To know more about leadership
https://brainly.com/question/29452698
#SPJ4
You are married with two children and are buying life insurance. You are reviewing the life insurance rider options and comparing them against your needs. Which rider are you least likely to want/need?
The least likely rider while choosing the life insurance will be second to die option.
What is life insurance?An insurance policy holder and an insurer or assurer enter into a contract for life insurance under which the insurer agrees to pay a predetermined beneficiary a certain amount of money in the event that the policyholder dies. Other occurrences, such critical illness or terminal disease, may also result in payment, depending on the terms of the contract. If you're wondering what life insurance means, you should know that a life insurance policy is a legal agreement between a person and an insurer under which the insurer guarantees the policyholder's financial security in return for regular premium payments (known as premiums).
To learn more about life insurance click,
https://brainly.com/question/1373572
#SPJ1
in the editorial (content) calendar, who is in charge of making sure the content makes it from ideation to publication and promotion?
The owner of the content is responsible for ensuring that it goes from conceptualization to publication and promotion according to the editorial (content) calendar.
What is promotion?⇒ Promotion is any kind of selling communication that aims to influence target audiences of the relative qualities of a given smart, service, idea, or brand. selling professionals will use either a psychological feature or An emotional approach to assist shoppers associate their whole with one thing specific. Promoting a decent or service aims to extend client interest, whole loyalty, whole awareness, and sales.. one in all the elemental parts of the market combine, that additionally consists of the four notation (product, pricing, location, and promotion), is this. one in all the parts of the promotional combine or promotional arrange is promotion.
To learn more about promotion, visit:
brainly.com/question/13995033
#SPJ4
every business has restrictions on which attribute values and which relationships are allowed. these are known as:
These are known as Constraints.
The type of a deployment project is significantly influenced by business restrictions.
Finding the best solution to meet business requirements while staying within recognized business restrictions is one of the keys to successful deployment design. Financial restrictions, physical restrictions (such as network capacity), time restrictions (such as finishing before important events like the next annual meeting), or any other restrictions you anticipate as a factor affecting the achievement of the business goal can all be considered business constraints. -
To know more about constraints in business follow link:
https://brainly.com/question/6966983
#SPJ4
if 75 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is
If 75 units remain unsold at the end of the month, the amount of inventory that would be reported on the absorption costing balance sheet is variable cost per unit.
The cost of balance sheet refers to a financial statement that reports a company's assets, liabilities and shareholders equity at a specific point in time. Balance sheets provide the basis for computing rates of return for investors and evaluating a company's capital structure.
The affect of 75 units remain unsold at the end of the month, it affects the amount of income tax the company needs to pay for the period.
To know more about costing balance sheet here,
https://brainly.com/question/29691011
#SPJ4
An increase in the amount of excess reserves that banks keep _________ the value of the money multiplier.
The value of the money multiplier is decrease when banks maintain more surplus reserves.
What is money multiplier?A bank lends or invests its extra reserves to boost interest profits. For every increase in the price of gold, the money supply increases by more than $1. monetary foundation The money multiplier is the expansion of the money supply.
A money multiplier is one of several closely related proportions of commercial excess cash to central bank money in a fractional reserve banking system, according to monetary economics. It has to do with how much money from the central bank may be produced in the commercial banks up to a particular point. The money multiplier is important in macroeconomics because it regulates the money supply, which affects interest rates. Because it affects monetary policy as well as the stability of the financial system industry, it is also significant in the banking industry.
To know more about money multiplier, visit:
https://brainly.com/question/13988758
#SPJ1
One way the federal reserve can counter unemployment and stimulate spending is by?
Based on the macroeconomic concept, the one way the Federal reserve can counter unemployment and stimulate spending is by Decreasing the discount rate.
What is the Discount Rate?The discount rate is a term used in government spending to describe the tools or methods used by the government to make it cheaper for commercial banks to borrow money,
Generally, the term discount rate helps to ensure there is an increase in available credit and lending activity throughout the economy.
The main cause of a decrease in the discount rate.Usually, it is known that when there is a slow economy, the Fed enables growth in the economy and the money supply by reducing reserve requirements and decreasing the discount rate.
Hence, in this case, it is concluded that the correct answer is Decreasing the discount rate.
Learn more about the Discount rate here; https://brainly.com/question/9841818
#SPJ1
one of the reasons carlos continues to work at his job is the paycheck that he receives every two weeks. in the context of operant conditioning, carlos's paycheck is most likely a(n)
One of the reasons Carlos continues to work at his job is the paycheck that he receives every two weeks. in the context of operant conditioning, Carlos's paycheck is most likely a secondary reinforcer
What is a paycheck?
A paycheck is a check that an employee receives from their employer in exchange for their services. The worker then cashes the check to get paid. The employee also had the option of choosing to have their pay automatically deposited into their bank account on payday.
A stimulus that encourages a behavior after it has been connected to a primary reinforcer is called a secondary reinforcer.
As an illustration, when you give your dog a food reward and say, "Good boy," he receives both the main stimulation of the food reward and the secondary reinforcer of your vocal adulation.
Learn more about secondary reinforcer at:
https://brainly.com/question/14992178
#SPJ1
in order to require banks to hold more money as opposed to lending it, the federal reserve can —
The bank can hold the reserve either as cash in its vault or as a deposit at its local Federal Reserve bank.
What is the Federal Reserve Requirement?
The total sum of money a bank must have on hand every night is known as the reserve requirement. It represents a portion of the bank's deposits. The percentage rate is determined by the central bank of a country.
The Federal Reserve Board of Governors in the US regulates the reserve requirement for member banks. The reserve might be kept by the bank either as cash in its safe or as a deposit with the neighborhood Federal Reserve institution.
Commercial banks, savings banks, savings and loan organizations, and credit unions must maintain reserves. It also applies to Edge Act corporations, agreement corporations, and foreign bank branches and offices operating in the United States.
to learn more about Federal Reserve click:
https://brainly.com/question/27217598
#SPJ1
Hugo was completing his end-of-day balance sheet for his music store. He wanted to make sure his projections were correct and confirm the business was on track financially. What is one entry he would make on his balance sheet?
A. Gross profit
B. Cost of goods sold
C. Accounts receivable
D. Net profit before taxes
As Hugo wanted to make sure his projections were correct and confirm the business was on track financially, an entry which he can make on his balance sheet is an Accounts receivable. The Option C is correct.
What is an account receivable?In accounting, an accounts receivable refers to an asset account on the balance sheet that represents money due to a company in the short term. They are created when a company lets a buyer purchase their goods or services on credit and it is similar to accounts payable but instead of money to be received, they are money owed.
An account receivable are always recorded as a debit in the assets section of a balance sheet. It is a short-term asset because normally it's going to be realized within a year.
Read more about account receivable
brainly.com/question/24848903
#SPJ1
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
providing a satisfying experience for all stakeholders (participants, spectators, media, and sponsors) of an event is called
Providing a satisfying experience for all stakeholders (participants, spectators, media, and sponsors) of an event is called hospitality.
What does sports event management entail?Managers of sporting events deal with a wide range of problems that arise in the process of organizing, planning, directing, and carrying out sporting events. Depending on variables like the scale of the sporting event, their responsibilities may be extremely wide or extremely narrow. hospitality. ensuring that all participants in an event have a positive experienceThe term "host community" is used when referring to the groups that make up an event's stakeholders group.First-line managers, middle managers, top managers, and team leaders are the four most prevalent categories of managers.To learn more about stakeholders refer to:
https://brainly.com/question/15532995
#SPJ4