Sports & Entertainment L1-10 Quiz

Sports & Entertainment L1-10 Quiz

10th - 12th Grade

77 Qs

quiz-placeholder

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Sports & Entertainment L1-10 Quiz

Sports & Entertainment L1-10 Quiz

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Morgan Keck

Used 35+ times

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77 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is it called when different seats are priced differently?

Cost-based pricing

Yield management pricing

Variable pricing

Tapered pricing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ultimately, what does stadium management want to maximize?

Entertainment

Fun

Number of Seats

Revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Brokers

Advocates

Agencies

All of the Above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Dynamic pricing means what about ticket prices?

They are not increased

They are not fixed

They are not lowered

All of the Above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Supply

Demand

Revenue

Margin

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