Most Movie Theatres Charge Different Prices to Different Groups of Customers

question 143

Multiple Choice

Most movie theatres charge different prices to different groups of customers for movie admission but not for movie popcorn. Which of the following is a reason for this?

• A) because the markup on movie popcorn is very high and movie theatres do not want to forego this source of revenue
• B) because the demand for popcorn is very high relative to the demand for movie admissions
• C) because it is easier to limit resale in movie admissions but not in popcorn
• D) because the cost of operating a concession stand in a movie theatre is very high compared to the cost of showing a movie

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Definitions:

Minimizing Completion Time

The objective of scheduling and operational strategies aimed at reducing the total time required to complete a set of tasks or production processes.

Customer Waiting Time

Customer waiting time is the duration a customer has to wait before receiving a service or product, influencing satisfaction and perception of service quality.

WIP Inventory

Work-in-Process (WIP) Inventory consists of materials and components that have begun their transformation process but are not yet completed products.

Longest Processing Time

A rule used in scheduling that prioritizes jobs or tasks according to those with the longest duration first.