In what sort of pricing strategy does the team apply different price scales based on factors such as opponent, event, time of se

Question

Liula [17]

2 years ago

6

In what sort of pricing strategy does the team apply different price scales based on factors such as opponent, event, time of se

ason, or day of week before tickets go on sale? premium pricing elastic pricing variable pricing dynamic pricing 1

Business

1 answer:

Len [333] · Answer 1 · 2022-05-27T07:36:24+03:00

Answer:

variable pricing

Explanation:

A variable pricing strategy refers to selling a same product or service at a different price depending on the sales location, date, or other factors. This type of strategy is used to try to maximize revenue by adjusting price to the different categories of our points of sale or our customers.

In case of sports teams, they will price their seats based on other factors like who is the opponent (current champion v. bad teams), day of the week (weekends v. weekdays) or the time of the season (middle of the season v. near playoffs), etc.