[Kinesiology 2298A/B] - Final Exam Guide - Comprehensive Notes for the exam (48 pages long!)

• School: Western University
• Department: Kinesiology
• Course: Kinesiology 2298A/B
• Professor: Laura Misener

Document Summary

A specialized field of management to help organizations that deal with. A dramatic increase in the number of such organizations: sport, physical activity and recreation. Supported economic activity - billion dollar industry. Spectator sport - billion dollar industry. Participant sport - billion dollar industry. Organizational economics the book: mechanisms that have evolved to facilitate the process of exchange of products. Ex you buy a textbook and there is an exchange of money for depend on the inherent characteristics of the exchange. Ex can you pay by debit or visa, companies are charged for their services: organizational arrangements needed to support any exchange will. Produces entertainment, charges admission, regulates itself: fitness club. Profit oriented, service, maintains facilities and equipment, rents of provides services to clients, changes with needs/demands: city recreation. Provides programs to public, maintains facilities, non profit, tax dollars. Physical object that can be produced at one time and used later.