Foundations of Event Management Exam 1complete solution to Ace your A+ 202425

Foundations of Event Management Exam 1complete solution to Ace your A+ 202425 What does MEEC stand for? Meetings, Exhibition, Event, and Convention What are the 3 significant entities that organize and hold MEEC gatherings? Corporations Associations Government Third Sectors What are the key components of an event? Unique temporary gathering of people ritual What are some of the divisions of the Tourism and Hospitality Industry? Lodging, food, transportation, attractions, entertainment, shopping Does MEEC fall under tourism and hospitality? Yes What are the three parts of the event industry? Trade Shows and Conventions, Concert and Event Promotions, Party and Event Planners What are the two components of MEEC? Planning and Producing Name a few examples of careers in MEEC? Event Professional, Event Producer, Event Manager, Event Coordinator, Event Support What are the three event resources? People, Time, and Money Key External drivers of MEEC industry corporate profit per capita disposable income: hiring more, bigger bonuses time spent on leisure and sports travel by US & non- US residents Is more or less time for leisure and sports good for concerts and events? More time Is more or less time for leisure and sports good for party and event planners> Less time How much time and money do we currently have? More money, less time Key success factor for trade shows and conventions Ability to manage external contracts Key success factor for concert and event promotion Ability to raise revenue from additional sources Key success factor for party and event planners Ability to vary services to suit different needs What does the CIC stand for and when was it created? What are they known for? Convention Industry Council, 1985 Certified Meeting Professional (CMP) Program APEX Contributed to rapid development of industry workshops and academic programs What does MPI stand for and what do they provide? Meeting Professionals International Education, networking opportunities, and business exchanges Meeting Planning as a recognized profession started with the founding of MPI in 1972 What does DMAI stand for and what do they offer for education and certification? Destination Marketing Association International CDME (Certified Destiantion Marketing Executive) credential PDM certificate program sales academy Are the terns DMO and CVB interchangble and what do they stand for? Yes; Designation Marketing Organization and convention & visitor bureaus What is the APEX initiative? Industrywide task force formed to begin a codification of definitions and standardized practices , policies, procedures, and terms. What are the two different types of event management companies? Event/Exhibition management- LiveNation, Freeman Destination management- hotel and conference center staff, regional event and party planners Definition of corporation legally charted enterprises that conduct business on behalf of owners with the purpose of making a profit and increasing its value Definition of association organized group of individuals and/or companies that band together to accomplish a common purpose, usually to provide for the needs of its members. Typically nonprofit Event related areas industry suppliers staging, sound, production, entertainment, food & beverage Associated areas industry suppliers transportation, security, legal & accounting Key participants of MEEC... who puts on events? Event Management Companies, Industry Suppliers, Venues, Industry Associations Roles of government when planning an event Event organizer, venue owner/ manager, consent authority, service provider, funding body