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

Author Question: How could these duration and price strategies be used today? What will be an ideal ... (Read 38 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Aug 10, 2018
How could these duration and price strategies be used today?
 
  What will be an ideal response?

Question 2

Which one shows how a restaurant used price to influence the behavior of customers?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Aug 10, 2018
Answer to Question 1

They could be used in much of the same way  communicating with customers, along with price point, helps to set expectations for the dining experience. One way the duration strategy is used today is through using seatings, like a pre-theater or tea seating. One way the pricing strategy is used today is through a cover charge (such as at a bar) or a table surcharge (such as a chef's table in the kitchen).

Answer to Question 2

The bottom menu (from 1945) uses the pricing strategy Saturday Night, Minimum Charge in Booth.. This is informing customers that a premium is attached to seating on a busy night.


panfilo

  • Hero Member
  • *****
  • Posts: 572
Reply #2 on: Aug 10, 2018
Thanks


kilada

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Aug 10, 2018
Welcome :)


« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Grime's classification of plant life-history strategies Grime's classification of plant life-history strategies
The Sun Today and as a Giant The Sun Today and as a Giant
The Number of Children Americans Think Are Ideal The Number of Children Americans Think Are Ideal
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Mutagenesis strategies Mutagenesis strategies
Video: Red Blood Cells - Erythropoietin (EPO)

For a complete list of videos, visit our video library