Personal Finance
3-13 -2014
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The article that I read about is about the Super Bowl pricing. it talks about how the pricing for tickets elastic. The article talks about how if they sell their tickets at to low of a price. they will be losing money instead of gaining money. However that is part of their plan they do this so they have maximum attendance. and they focus on the revenue of the concessions,parking lot and merchandise. I think that this is a good idea because if you have more people there at the super bowl you will have more people who will spend money one the less expensive things this will include when they charge for parking, when people buy shirts and foam fingers and at concessions.
http://www.forbes.com/sites/prishe/2013/09/19/super-bowl-xlviii-pricing-a-lesson-in-demand-elasticity/
What an absolute fascinating read! This does make sense though. People are willing to pay more for concessions and merchandise so they can keep it as a memory. They will make more profit doing this! Keep up the good work!
ReplyDeleteYes, i definitely agree with this. I think this plan will increase revenue and fans attending the event. People won't think twice about buying a ticket to see their favorite team play.
ReplyDeleteI didn't think about that. It makes sense that they have low ticket prices, but then expensive concessions inside. I do think though that even if the Super Bowl tickets were really expensive people would still buy them such it's a big event.
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