Find out the difference in the fixed price and three price

Assignment Help Business Management
Reference no: EM1387122

Q. A theatre with 1,100 seats typically fills 55% of the seats with a fixed price strategy of $50/seat. Profits have been declining in recent years as facility costs like heat, lights and taxes have gone up. Management is evaluating various means of reversing the decline, including the use of a yield management pricing program. Testing has provided the subsequent results for a three price yield management system:

125 seats sold at $65
325 seats sold at $45
375 seats sold at $35

Find out the difference in the fixed price and three price yield management revenue. Should the theatre adopt the three price yield management program? Explain

 

Reference no: EM1387122

Questions Cloud

Design algorithms to implement stack operations : How to design algorithms to implement stack operations. Write down the program to multiply any two matrices. (Using Basic).
Synthesizing system in vitro : Assume you have synthesized messenger RNA with bases incorporated in random sequence in the ratio 1U:5 Cs. In a protein?
Illustrate what are the administrative implications of mayo : X promises to pay Y Rs 1,00,000 if Y secures him an employment in the public service. Is tip's agreement valid? Illustrate what are the administrative implications of Mayo's base assumption which man is a social animal?
Attaching meaning and value : The solution is comprehensive narrative essay of 2,734 words tackling personalized approach to meaning and value. It is a simulated essay that presents a personal philosophy drawn from experience and socialization.
Find out the difference in the fixed price and three price : Find out the difference in the fixed price and three price yield management revenue. Should the theatre adopt the three price yield management program? Explain
Poisson probability distribution : Recent crime reports indicate that 5.2 motor vehicle thefts occur each minute in the United States. Assume that the distribution of thefts per minute can be approximated by the Poisson probability distribution.
Dna sample contains linear or circular molecules : Assume you are attempting to determine if the new DNA sample you have just received contains linear or circular molecules. Digestion using either RsaI or SauI alone produces two fragments.
Can you give examples where you will use only domestic : Can you give examples where you will use only domestic outsourcing providers versus situations where you will use only offshore providers
Using the poisson approximation to the binomial : It is estimated that .44 percent of the callers to the customer service department of Dell Inc. Will receive a busy signal. What is the probability that of today's 1200 callers at least 5 will receive a busy signal? Use the poisson approximation t..

Reviews

Write a Review

 

Business Management Questions & Answers

  Organizations utilize lateral relationships

Paper must contain at least five professional references and may include internet sources, books, and professional journals or resources related to the profession.

  Explanation of organization structures

Choose two of the following organization structures and describe the advantages and disadvantages of the ones you select.

  Question about time value of money

Your family members know you are taking this class and you learned about time value of money.

  Explain a discontinuous change

Describe a discontinuous change: Use of a performance map to clarify expectations - Explain a discontinuous change in which you have participated or even championed.

  Assessing strategic issues faces by industries

What is the major strategic issues that the industry faces and what strategic options or alternatives does it have to address those specific issues?

  Monitoring employee motivation

What is the most effective way for companies to monitor employee motivation, satisfaction, and performance?

  What is the break even point output in units

Impact on any developing country's economy and its special characteristics - Describe analyse the fundamental tasks of management in your opinion and provide an example of each task.

  Define how this strategy helps klimpton make supplier

Define how this strategy helps Klimpton make supplier channel decisions as well as manage the waste from its hotel and restaurant operations.

  Differentiating communication of today and ten years ago

This can be as simple as how you communicate today (cell phone, email, text, twitter, etc.) versus how you communicated ten years ago (telephone, pager, fax, etc.).

  Advantages and disadvantages of online pharmacies

Describe in depth the advantages and disadvantages of online pharmacies. What ethical dilemmas do they pose?

  New expectations the ceo set with the vision

Stakeholders were jockeying for "position" to gain the CEO's favor rather than concentrating on the new programs and was no constructive way to handle the conflict situations that occurred. Training was clearly needed.

  Explaining leadership strengths and weaknesses

What are your leadership strengths and weaknesses, and what you will do to capitalize on your strengths and modify your weaknesses?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd