KIDS QUIZ
SPORTS TEAMS AND PLAYERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is it called when different seats are priced differently?
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Cost-based pricing
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Yield management pricing
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Variable pricing
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Tapered pricing
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Explanation:
Detailed explanation-1: -What is it called when different seats are priced differently? Yield management pricing. What is the term for the cost of providing an additional number of seats? Marginal cost.
Detailed explanation-2: -Marginal cost. The cost of providing an additional number of seats, such as seats on the floor during a concert.
Detailed explanation-3: -Bidding war. When two or more companies try to outbid the other for something, such as a sponsorship opportunity.
Detailed explanation-4: -Penetration Pricing Strategy Marketers use penetration pricing to gain market share by offering their goods and services at prices lower than those of the competitors.
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