Which is a long-term economic benefit after hosting a major event?

Study for the OCR Cambridge National Sports Studies Exam. Utilize flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare effectively for your exam!

Multiple Choice

Which is a long-term economic benefit after hosting a major event?

Explanation:
Understanding long-term economic benefits from hosting a major event. The best answer rests on how money keeps coming in after the event ends. New facilities that stay in use can generate ongoing income through memberships, rentals, or regular services, creating a lasting financial boost for the local economy. Once the venue is built, people join clubs, use the space for regular activities, or pay to access it for conferences and events, providing a steady stream of revenue well beyond the event itself. The other possibilities are tied to the event period. Jobs created during the event and increased tourism during the event bring benefits, but those boosts are temporary and fade once the event is over. Sponsor money tends to flow during the event as well, not as a continuing post-event income source. Thus, ongoing facility-based revenue from memberships represents the strongest long-term economic impact.

Understanding long-term economic benefits from hosting a major event. The best answer rests on how money keeps coming in after the event ends. New facilities that stay in use can generate ongoing income through memberships, rentals, or regular services, creating a lasting financial boost for the local economy. Once the venue is built, people join clubs, use the space for regular activities, or pay to access it for conferences and events, providing a steady stream of revenue well beyond the event itself.

The other possibilities are tied to the event period. Jobs created during the event and increased tourism during the event bring benefits, but those boosts are temporary and fade once the event is over. Sponsor money tends to flow during the event as well, not as a continuing post-event income source. Thus, ongoing facility-based revenue from memberships represents the strongest long-term economic impact.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy