Ticket Pricing Strategies for Maximizing Revenue

Discussion Response 5
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Discussion Response 5
The sale of tickets is one of the processes that requires a series of considerations. One critical consideration will be the price charged for the events. For example, even though high profits would earn more, it would likely drive most customers away. On the other hand, a cheaper price would make the institution earn less or even create a perception of low value, scaring away the fans. I will use value-based pricing to calculate the amount the individuals are willing to pay.
When calculating the price to be charged, it is critical to note that some games have higher demand than others. One reason that makes some games more valuable is the rivalry level. For instance, the games between the University of Miami and Massachusetts had the least rivalry since they had only played three games in the past. On the other hand, the games between the University of Miami and other Un...