This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How might sports and entertainment businesses collect and use big ... (Read 85 times)

nramada

  • Hero Member
  • *****
  • Posts: 580
on: Jun 29, 2018
How might sports and entertainment businesses collect and use big data?

Question 2

Some movie theaters charge more for popcorn, soft drinks, and other snacks than they charge for a movie ticket. Is there a point at which moviegoers will not buy refreshments because of the price? How can theaters know the price point at which demand is the highest?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

Big data can be collected from credit card and communication companies, smartphone GPS devices, social media sites, clicks made on websites, and other customer contacts.

Answer to Question 2

The movie theater has a captive audience which allows them to charge high prices for concessions. The theater must be alert to the price point where the most merchandise is sold, or it may end up diminishing sales.


nramada

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jun 29, 2018
Thank you :)


Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

An artificial vagina, used to collect horse semen An artificial vagina, used to collect horse semen
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
A parade for Grover Cleveland in Chicago in 1892, by John Klir. Music, mirth, real drama—a president A parade for Grover Cleveland in Chicago in 1892, by John Klir. Music, mirth, real drama—a president
Sports and Fitness Timeline Sports and Fitness Timeline
Sports drinks can replace electrolytes and fluids lost during exercise Sports drinks can replace electrolytes and fluids lost during exercise
Food service businesses Food service businesses
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library