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Message
re: Why hasn’t every NFL team lowered concession prices like the falcons?
Posted on 5/1/24 at 10:31 am to kingbob
Posted on 5/1/24 at 10:31 am to kingbob
quote:
Only issue is long lines for concessions and stuff selling out.
Funny you say this because there were complaints during the season last year that after the latest dome renovations the prices for food were higher, the lines were longer, and they were running out of food. The first issue they would need to deal with is stocking their inventory; but if they are selling out at the higher prices, wouldn't lowering prices just reduce their profits?
2
Posted on 5/1/24 at 10:35 am to Weekend Warrior79
Selling out means they aren’t stocking enough inventory, so demand exceeds supply. However, raising prices decreases demand until supply and demand find equilibrium. Increasing supply to meet demand could mean more revenue if raising prices causes demand to drop.
Also, the prices at the Cajun Dome are NOT THE SAME as Cajun Field. Different contract, different providers, different products. Prices in the dome are easily doubled at Cajun field, and have way fewer points of sale. Completely different situation.
Also, the prices at the Cajun Dome are NOT THE SAME as Cajun Field. Different contract, different providers, different products. Prices in the dome are easily doubled at Cajun field, and have way fewer points of sale. Completely different situation.
Posted on 5/1/24 at 10:38 am to Weekend Warrior79
quote:
but if they are selling out at the higher prices, wouldn't lowering prices just reduce their profits?
Not if they figured out how to stock more inventory.
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