Most Movie Theatres Charge Different Prices to Different Groups of Customers

question 240

Multiple Choice

Most movie theatres charge different prices to different groups of customers for movie admission but not on 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 forgo 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:

Management Functions

Fundamental tasks performed by managers, which typically include planning, organizing, leading, and controlling.

Important

Something of great significance or value.

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Refers to the way in which a company or organization is arranged to aid in achieving its objectives, often categorizing departments and roles.

Chain of Command

The hierarchical structure within an organization that outlines authority and responsibility relationships.