Question

What are the common financial categories for an entertainment event?

1) Ticket sales
2) Sponsorship revenue
3) Concession sales
4) Merchandise sales

Answer 1

The common financial categories for an entertainment event include ticket sales, sponsorship revenue, concession sales, and merchandise sales.

Step-by-step explanation:

The common financial categories for an entertainment event are:

1. Ticket sales: This is the revenue generated from selling tickets to the event.
2. Sponsorship revenue: This is the income received from sponsors who provide financial support to the event in exchange for advertising or other promotional opportunities.
3. Concession sales: This refers to the money earned from selling food, drinks, and other items at the event.
4. Merchandise sales: This is the revenue generated from selling event-related merchandise, such as t-shirts, hats, and posters.