Contemporary Marketing (MindTap Course List)
17th Edition
ISBN: 9781305075368
Author: Louis E. Boone, David L. Kurtz
Publisher: Cengage Learning
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Chapter 18, Problem 1C
Summary Introduction
Case summary:
In Country U, people found it difficult to get the tickets to watch the tickets because of high prices. However, later Company S started customer bid option that is the customer bid on the unsold seats. The company has a website in which the customer can bid for the upcoming events. The company’s main aim in this unique pricing algorithm is to help in increase in attendance and revenue. Its business strategy also helped its partners maintain integrity of its sales channel.
To identify: The possible suggestion for the pricing strategy problem.
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