1.
Movie theaters are considering raising ticket prices. But they’re worried that higher prices might lead to fewer people attending movies.
Using the concepts covered in the week, discuss the following:
In what scenario might a price increase actually lead to higher total revenue?
How does the availability of substitutes (e.g., streaming services) affect elasticity?
Explanation:
This question centers on price elasticity of demand and its role in business decisions:
If elastic (elasticity > 1), a small price increase can lead to a significant decrease in quantity demanded, potentially reducing total revenue.
If inelastic (elasticity < 1), even a large price increase might not significantly reduce attendance, potentially increasing total revenue.
With readily available streaming services, movie ticket demand might be more elastic.
2.
In this discussion forum, you will explore project management concepts in detail, focusing on project life cycle approaches, project strategy, planning and delivery methods, and project selection and initiation. Select one of the topics listed below to research and discuss. You are encouraged to utilize resources such as the Amberton University Online Library, Google Scholar, or any appropriate source to locate relevant case studies, articles, or videos.
Discussion Topics:
Examine various project life cycle models and discuss their applications in different types of projects.
Analyze how different project planning methods and models impact project delivery and the use of various artifacts within the project management process.
Discuss factors that influence the selection of a project development approach and life-cycle model, including organizational context and project complexity.
Explore the criteria and processes used in project selection and the steps involved in project initiation, emphasizing how these contribute to project success.
Assignment Instructions:
Initial Response Guidelines:
Formatting Your Post:
Submission Instructions:
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