he Atlanta Falcons NFL football team announced that this upcoming season they wi
ID: 1219361 • Letter: H
Question
he Atlanta Falcons NFL football team announced that this upcoming season they will reduce the price of the food and drink sold at the stadium - the new prices will be about 50% lower than the league average. For what reason are they taking this bold initiative?
To increase demand for the complementary good, admission to the games.
To increase sales of food and drink during games.
To stimulate media coverage of the new pricing, which should result in heightened public interest in the team and the upcoming season.
All of the above.
To increase demand for the complementary good, admission to the games.
To increase sales of food and drink during games.
To stimulate media coverage of the new pricing, which should result in heightened public interest in the team and the upcoming season.
All of the above.
Explanation / Answer
The answer is - All of the above.
Its a promotion cum marketing move to attract more viewers. it will increse theie overall sales and revenue. Demand will increase when price gets reduced of any product liked by the consumer. so this bold intiative will work in favor of the company.
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