Sport Franchises and Tariffs on Imported Goods Devry University

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A cultural factor that a sports franchise must overcome is managing and ownership.This includes acquiring a sponsor or sponsors that can pay the players good salary and help build the talents of the younger generation in competition.Alot of sponsors have failed in the past due to poor financial management and embezzling of managers funds(Eitzen,1999). Sports are activities that include encompassing competitions like the Olympics.They also include other activities such as basketball,football,skiing and other recreational activities.The cultural practices have affected the popularity of the nations sports capacity in the United States over the years.The professional leagues of sport's clubs are organized in sport franchise and the league has the role of overcoming cultural practices. Some products of sport franchise include jerseys,shirts and coats with team logos,mugs and cups with team logos,license plates with team names,blankets with team name and logos,and etc.One way to ensure the product sells in the international market is by building a strong team that wins several competitions.When a team is successful,the share of the club increases in the share market and the club can sell a lot of its products which are profitable both locally and professionally(MacCambridge,1997). Another way for sport franchise to ensure their products appropriate in international market is by holding tournaments in different countries and opening training academies that teach the younger generation new talents in different parts of the world.Through this,the club undertakes marketing activities around the world and therefore finds newer market for its products.(MacCambridge,1997). The franchise can also brand their products by using a famous athletes name and putting the name on merchandise for global marketing. For the sake of protecting local franchises,the government should impose tariffs on imported products.By doing so the imported products will be more expensive and hence leaving the local products for a larger share of the market(Kitenga,2010).This action also supports the local franchises and prevents them from collapsing due to lack of ready market.Therefore,to develop local franchise to a successful level,the tariffs should be imposed on imported products.

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references: www.nyu.edu Eitzen,D.S.(1997)Fair and Foul:Beyond the Myths and Paradoxes of Sports Kitenga,G.(2010)Introduction to Tax Law MacCambrdge,M.(1997)The Franchise:A History of Sports Illustrated Magazine