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 56 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?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Grime's classification of plant life-history strategies Grime's classification of plant life-history strategies
Happened to me today. Happened to me today.
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
The Inclusive Classroom: Strategies for Effective Differentiated Instruction The Inclusive Classroom: Strategies for Effective Differentiated Instruction
If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas? If CP for an ideal gas is 35.4 J/molK, which of the following is CV for this gas?
I NEED IT FOR TODAY PLEASE 14 QUESTIONS I NEED IT FOR TODAY PLEASE 14 QUESTIONS
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library