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Nike, the leader in footwear and apparel sales, is estimated to be worth $15 billion, while industry runner-up Adidas is valued at $5 billion. In 2011, Nike's apparel sales reached $5.4 billion, with overall sales topping $18 billion ($7.6 billion in North America, $3.8 billion in Western Europe, and $4.8 billion from China and emerging markets.

A) True
B) False

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In the "Eplogue" section of the chapter, we examine how Under Armour (UA) is seeking to attract a new market segment. Which three of Henry Mintzberg's ten managerial roles would be most helpful for UA managers to address the challenge of reaching this new market segment?

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According to Forbes magazine, each of the following is in the top five of the most valuable sport franchises in the world except:


A) Bayern Munich
B) the Dallas Cowboys
C) Manchester United
D) the New York Yankees

E) C) and D)
F) All of the above

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Which of the following does not include three functions identified as key managerial roles by Henry Mintzberg?


A) Disturbance handler, facilitator, spokesperson.
B) Figurehead, leader, disseminator.
C) Liaison, resource allocator, monitor.
D) Monitor, negotiator, entrepreneur.

E) A) and D)
F) None of the above

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Licensing is defined as a contractual method of developing and exploiting intellectual property by transferring rights of use to third parties without the transfer of ownership. The "third parties" in this instance are the licensees, the companies that manufacture these products, which hold licenses to manufacture and sell products bearing the logos and marks of professional and amateur sport entities.

A) True
B) False

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