Analyze one financial objective of an event
Explain one external factor that may influence event financing requirements
Describe one disadvantage of not keeping financial records
Explain how a budget helps an event to break even
عنوان جديد 176
Describe one reason a contingency may be required
Analyze one method of revenue maximization
Identify one reason revenue maximization may be important
Suggest one other financial goal an event could have instead of profit maximization
Match the key terms (1–16) with the definitions (a–p) Breakeven
Match the key terms (1–16) with the definitions (a–p) Deficit
Using the event chosen in Chapter 5, investigate the financial elements of the event and use your research to complete the following tasks.
Consider your own personal finances
CASE STUDY SIX Riyadh Season
The case study will introduce how event management committees determine the financial objectives and requirements of events, and how budgeting is used to meet those requirements. This task ha
The Season is a series of events and other attractions held annually in Riyadh between October and March
Riyadh Season is a state-sponsored annual entertainment and sports festival funded by the General Entertainment Authority (GEA), which is responsible for the development
Evaluate the likely financial objectives of Riyadh Season.
Briefly explain the main external factors that may have influenced the financing of Riyadh Season
Discuss why a budget is not necessary for a series of events such as this
Why did Riyadh Season focus on revenue, not profit maximization, as the main financial consideration
Creating a Financing Plan