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 92 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?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Head impact during sports may reduce ability to acquire new information Head impact during sports may reduce ability to acquire new information
This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b This lithograph of the New York draft riots, 1863, shows that although the rioters mainly targeted b
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
Research reveals that children’s motives for engaging in sports are to have fun and gain skills ... Research reveals that children’s motives for engaging in sports are to have fun and gain skills ...
Sports, fitness, and recreation setting. Sports, fitness, and recreation setting.
Sports drinks can replace electrolytes and fluids lost during exercise Sports drinks can replace electrolytes and fluids lost during exercise
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library