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Venue Management Exam 1 UPDATED Exam Questions and CORRECT Answers
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Venue Management Exam 1 UPDATED Exam Questions and CORRECT Answers Term used for the average amount of concession or merchandise sales per person - Correct Answer- Ancillary Event Revenues A road term used to describe merchandise sold on tour - Correct Answer- Swag or Merch 2 Types of tradit...

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Información del documento

  • 5 de septiembre de 2024
  • 12
  • 2024/2025
  • Examen
  • Preguntas y respuestas

Temas

  • venue management exam 1
  • venue management exam
  • venue management

Escuela, estudio y materia

  • Venue Management
  • Venue Management

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MGRADES

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Venue Management Exam 1 UPDATED
Exam Questions and CORRECT Answers
Term used for the average amount of concession or merchandise sales per person - Correct
Answer- Ancillary Event Revenues


A road term used to describe merchandise sold on tour - Correct Answer- Swag or Merch


2 Types of traditional rent structures for a venue - Correct Answer- Flat rate
Percentage


Flat rate rent - Correct Answer- One-time rent fee


Percentage rent - Correct Answer- Pay the venue a percentage of the ticket sales


NAGBOR - Correct Answer- Net Adjusted Gross Box Office Receipts


What a promoter might say when calling a venue to check dates and space. "What is your
_______" - Correct Answer- Avails


First tier city, second tier city, and third tier city or market is commonly referred to as -
Correct Answer- Tertiary markets


IAVM - Correct Answer- International Association of Venue Managers


Another name for a sloped floor - Correct Answer- Raked floor


Another name for transient occupancy tax - Correct Answer- Hotel/motel bed tax


What is it called when coming up with different ticket prices for different seating locations -
Correct Answer- Scaling the house

, What is it called when you give away free tickets to fill the venue - Correct Answer- Packing
the house / Comp tickets


RFP - Correct Answer- Request for proposal


JKH rental rates - Correct Answer- 2200 v. 10 & net adjusted gross, and ticket fee. (70/30
split)


JQH rental rates - Correct Answer- 8000 a day plus 10% net adjusted and expenses or 12,000
a day non ticketed


JKH booking arrangements - Correct Answer- Rental, used to be a promoter


JQH booking arrangements - Correct Answer- Rental


JKH & JQH Vendors - Correct Answer- Tickets.com (tickets) and Ovations (food)


JKH Revenue streams - Correct Answer- 1. Broadway shows
2. Rentals
3. Donations


JQH Revenue streams - Correct Answer- 1. Seat license
2. Hammon's estate
3. Rentals


JKH Highest expenses - Correct Answer- 1. Labor
2. Utilities
3. Maintenance


JQH Highest expenses - Correct Answer- 1. Debt services
2. Utilities

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