Recently, NASCAR announced the formation of the NASCAR Team Licensing Trust to coordinate sales for many top racing teams. NASCAR also acted to establish connections with toy industry giant and model train manufacturer Lionel to make the die-cast cars. This is an example of which of the elements that define the new sport management environment?

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The Answer of Recently, NASCAR announced the formation of the NASCAR Team Licensing Trust to coordinate sales for many top racing teams. NASCAR also acted to establish connections with toy industry giant and model train manufacturer Lionel to make the die-cast cars. This is an example of which of the elements that define the new sport management environment?

Recently, NASCAR Announced the Formation of the NASCAR Team Licensing