Sports & Entertainment L1-10 Quiz

What is it called when different seats are priced differently?

• Cost-based pricing

• Yield management pricing

• Variable pricing

• Tapered pricing

Ultimately, what does stadium management want to maximize?

• Entertainment

• Fun

• Number of Seats

• Revenue

What is the term for the cost of providing an additional number of seats, such as seats on floor during a concert?

• Marginal Cost

• Extra cost

• Variable cost

• Total cost

What do we call the companies that stadium owners use to manage their ticket sales?

• Brokers

• Advocates

• Agencies

• All of the Above

Dynamic pricing means what about ticket prices?

• They are not increased

• They are not fixed

• They are not lowered

• All of the Above

What is one benefit of dynamic pricing?

• It prevents extra fees

• It reduces the number of unsold tickets

• It reduces overhead

• All of the above

_____ is the number of people who want to purchase tickets.

• Supply

• Demand

• Revenue

• Margin

Thanks to technology, it's now ____ for consumers to research events and ticket prices.

• Prohibited

• Legal

• Harder

• Easier

When the first place team visits another team's stadium for a game, prices for seats to that game rise. This is called ________

• Revenue pricing

• Margin pricing

• Yield management pricing

• Dynamic pricing

_____ pricing reduces the financial risk from unsold tickets.

• Revenue pricing

• Margin pricing

• Yield management pricing

• Dynamic pricing