Which of the Following Is Employed by Theatrical Productions When

question 127

Multiple Choice

Which of the following is employed by theatrical productions when they charge higher prices for their weekend shows than for the shows on weekdays even though the cost of producing the show remains the same on all days?

• A)Modified breakeven analysis
• B)Yield management
• C)Incremental pricing
• D)Marginal pricing

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Definitions:

Leadership Style

The characteristic manner and approach by which a leader directs, motivates, and manages their team.

Achievement Oriented

A focus on setting challenging goals and working towards them with determination and confidence.

Hersey-Blanchard

The creators of the Situational Leadership Model, which proposes that effective leadership style varies according to the maturity of team members.

Situational Leadership Model

This model suggests that there is no single "best" style of leadership; effective leadership varies with the individual or group being led and the task, job, or project at hand.