Busch Stadium in St. Louis charges different prices for seats in different areas of the ball park, even though each seat costs the same for the owners of the stadium. What is this form of pricing called?
A) location-based pricing
B) market-skimming pricing
C) product-form pricing
D) time-based pricing
E) market-penetration pricing

Question

Quizplus · Accepted Answer

Location-based pricing is when prices vary based on the location or section of a venue, even though the cost of producing the product or service is the same across all sections. This is a common practice in sports and entertainment venues.