Walt Disney World charges residents of Florida lower prices for various theme park ticket packages than it charges non-Florida residents. 10 marks. For example, in 2013, an adult Florida resident was charged $190.64 for a three-day “Magic Your Way” package that included lodging at a Disney Resort hotel and a ticket to one theme park per day. The price of the same package for a non-Florida resident was $326.96. Disney offers discount on tickets if students buy more than 6 tickets in one time and no discount if individual buy one ticket or less than six tickets. Briefly explain Disney’s strategy.
Walt Disney World charges residents of Florida lower prices for various theme park ticket packages than it charges non-Florida residents. 10 marks. For example, in 2013, an adult Florida resident was charged $190.64 for a three-day “Magic Your Way” package that included lodging at a Disney Resort hotel and a ticket to one theme park per day. The price of the same package for a non-Florida resident was $326.96. Disney offers discount on tickets if students buy more than 6 tickets in one time and no discount if individual buy one ticket or less than six tickets. Briefly explain Disney’s strategy.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 12SQ
Related questions
Question
Walt Disney World charges residents of Florida lower prices for various theme park
ticket packages than it charges non-Florida residents. 10 marks.
For example, in 2013, an adult Florida resident was charged $190.64 for a three-day
“Magic Your Way” package that included lodging at a Disney Resort hotel and a ticket to
one theme park per day. The
$326.96.
Disney offers discount on tickets if students buy more than 6 tickets in one time and
no discount if individual buy one ticket or less than six tickets. Briefly explain Disney’s
strategy.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
