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 55 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?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Order and Duration of Sleep Stages Through a Typical Night Order and Duration of Sleep Stages Through a Typical Night
People are living longer today than in previous decades People are living longer today than in previous decades
Criminology Today: An Integrative Introduction Criminology Today: An Integrative Introduction
Economics Today: The Micro View, 19th Edition Economics Today: The Micro View, 19th Edition
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library