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Sagot :
When the first-place team visits another team's stadium for a game, prices for seats to that game rise. This is called yield management pricing.
What do you mean by a price?
Price refers to the money that needs to be paid for acquiring any product or service.
When different seats are priced differently, it is known as yield management pricing. In simple words, it is a variable pricing strategy that is based on understanding, anticipating, and influencing consumer behavior for profit maximization.
So, when the first place team visits another team's stadium, prices for seats to that game rise is known as yield management pricing.
Learn more about Price here:
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