Blue Jays Case Study

Sports teams are switching to a variable-pricing strategy for tickets so that they can get a higher profit on games with record attendance numbers. They feel the need to do so because the marginal costs, such as construction payment and players’ salaries, did not equal to the marginal revenue, since attendance was severely dropping. To pay for the marginal cost, the sports team needed to capitalize on things that they were sure of, like increasing attendances to games between major sporting rivals.

“And the Rays are in the postseason. David Price goes the distance. A complete game for Price and Tampa Bay is back in the post season.” Those were the words of Brian Anderson, the play-by-play announcer when the Tampa Bay Devil Rays won the American League Wild Card tiebreaker game, beating the Texas Rangers 5-2. It was also the last time the Rays have been in the playoffs. In 2014 and 2015, they finished second to last in the AL East. Fans get tired of watching their teams lose. We can’t control the outcome of the game, but we can control the experience that they have while at the ballpark.

Astoundingly, they are the most valuable team in baseball. To help put this in viewpoint, three graphs are shaped in this article to expose the massive amount of information that is available to discover in each of the teams values. Each graph displays many demographics that are classified in different sets such as total team value, team rankings in groups such as team revenue, gate receipts, concessions, sponsorship, media rights, parking, and attendance, and the two thousand and thirteen season results. The teams displayed are the New York Yankees, the Boston Red Sox, and the St. Louis Cardinals. I for one believe that the In-House designers put these three teams because two out of three of them are the first and second most valuable teams in the game, and the third one are the World Series champions. Likewise, they could have put the Cardinals in there to put in perspective how much money is collected in a given year compared to each team’s value, which are significantly different. In fact, In-House design judge Ed Roberts said “This polar diagram is one of the most

On-ice performance: achieved playoff contention every year since 2003; Ranked third of thirty teams in NHL

Firstly, the Blue Jays are one of the best baseball teams in the MLB. They are especially known for their batting. The Blue Jays have an upside to winning the world series as the team and organization has improved over the pas 20 years in batting since they last made it into the playoffs. Not only that but they also have two of the best hitters in the league; Jose Bautista

Due to the high costs the goal of breaking even is a large task. At current product prices a profit of $53,676 can be expected. This is total by 21,582 who will at least attend one game. Next we can assume that amongst that population of 21582 54% would be interested in going to one game, 28% interested in at least 5, 13% would be interested in half season and 5% in full. Of the 54% who will attend one game 80% would pay $10.

Consumers. Many people choose to buy tickets to games and the tickets cost more via the game like say it is a game that is the Brooklyn Nets versus the Charlotte Hornets than the tickets would cost less but if it is like a Cleveland Cavaliers versus the San Antonio Spurs the tickets would cost more. The consumers aren't just buying stuff

Suppose you like to make, from scratch, pies filled with banana cream and vanilla pudding. You notice that the price of bananas has increased. How would this price increase affect your demand for vanilla pudding?

Sometimes, even the prices a customer pays for a delicious product can either come up or down depending on the availability of the supplier, to well, supply the demand for an item.

In the times before a subsidy determination, owners reduced ticket prices to increase the demand and sale of the tickets. This allowed them to maintain the shortage of the tickets. After the referendum votes, they choose to charge higher prices. These prices were charged even prior to building a new stadium. Price increases happened even though the team still played in an old stadium are particularly informative, because price hikes cannot be caused by any improvement in the quality of seating (Porter & Thomas, 2010)

2) Average ticket price: The price that the market will allow next year is unknown. The decision maker gives the low-base-high values as $20–$25-$30 for what the anticipated average ticket price will be next year.

STRATEGY     Set prices for seats as close to the willingness to pay as possible using price discrimination

When an economist says that the demand for a product has increased, this means that:

UEFA League officials sell out tickets each year for the UEFA League Final match within a month of releasing tickets. However, most tickets are resold to third and possibly fourth parties. In order to see how much tickets holders are paying for their tickets, UEFA League Officials have decided to a sample from punters who hold premier seating as they enter the venue before the kickoff of the match. They will ask how much they have

On the other hand, “cheaper prices can evoke perceptions of lower quality”, which is mentioned in an article written by Terri Zwierzynski in 2005. Therefore, price can be adjusted by any consumer. It is because if they prefer more products and services, there is a higher price for that type of hospitality product for sure.