What Is a Theatre Practising When They Lower Prices in the Afternoon

question 182

Multiple Choice

What is a theatre practising when they lower prices in the afternoon to offset low demand and raise prices in the evening when demand rises?

• A) modified breakeven analysis
• B) yield management
• C) exploitation of the local theatre-goers
• D) marginal pricing

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Definitions:

Duress

The use of threats or force to compel someone to act against their will or judgment, often considered a defense in a legal proceeding.

Insanity

A legal defense claiming that the defendant was unable to understand the nature or wrongfulness of their actions due to mental illness.

Felony

A serious crime, typically involving violence, that is more severe than a misdemeanor and can result in significant prison time.

Imprisonment

The act of confining a person or restricting their freedom under legal authority, typically as punishment for committing a crime.