Main factors establishing a pricing policy, Financial Accounting

What are main factors that Nor'easters should take into account in establishing a pricing policy?

The minor revenue generators of Nor'easters include corporate sponsorships and income from media through the corporate advertising methods on the banners (Cespedes et al, 2009). In addition to these, the major revenue generators of Nor'easters would include concession sales and the tickets. Ticket pricing level and the season tickets as well as attendance mainly influence the concession sales.

In establishing the pricing policy, it is essential to consider certain factors. These are as follows:

  • The price of seat should no way be greater than that of tickets. This can create competition. As Nor'easters currently lack this degree of competition, it is essential to first look over means to create competition.
  • The interest of customers to pay for the different categories of tickets such as full season, multi, single and half season. Accordingly, the discount rates should also be determined.
  • Interests of customers towards concession and their percentage of presence.
  • The pricing strategy of Nor'easters should indicate their standard and distinguish them from the other regular teams. This can probably encourage the fans.

Pricing plan affects the quality. Also, inhabitants of Springfield tend to have small annual income and this tends to be lesser than national average income. Hence, price sensitiveness should be considered but this should not affect the quality or arrangement of the stadium.

 

 

Posted Date: 3/7/2013 6:02:23 AM | Location : United States







Related Discussions:- Main factors establishing a pricing policy, Assignment Help, Ask Question on Main factors establishing a pricing policy, Get Answer, Expert's Help, Main factors establishing a pricing policy Discussions

Write discussion on Main factors establishing a pricing policy
Your posts are moderated
Related Questions
Bankrupt person A bankrupt is a person against whom an adjudication order has been made by the court primarily on the grounds of his insolvency. Any person (other than a body c

SMALL BANKRUPTCIES The court may order the estate of a debtor to be administered summarily, if the debtor's assets are not likely to exceed Shs 12,000 in value.  This is known

A) Suppose you have two stocks (A and B) in your portfolio, worth $400,000 and $600,000 respectively. The annual volatility is 0.30 and 0.35 respectively. The correlation between t

What are main factors that Nor'easters should take into account in establishing a pricing policy? The minor revenue generators of Nor'easters include corporate sponsorships and

Q. Design a organisational strategy? The objectives to which organisational approach relates depend on the relative power of different stakeholders associated with the company

a recommendation regarding a current south African vat system

The Rohr Company's old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment

The intestate leaves no spouse but children The net estate devolves upon the surviving children and is divided equally between them. If any child has not, at the time of intest

Q. What is Permanent Negotiating Machinery? Two Federation of Union All Indian Railway men's federation (AIRF) & National Federation of Indian Railway (NFIR) men have been reco

Jensen Company has the following situation: Sales Price: $40 per unit Variable Cost Per Unit: $25 per unit Fixed Costs: $20,000 Units Sold: 4,000 Jensen is considering lowering the