| Term | Definition |
|---|---|
| Concessions | Concessions: Areas on stadium property, both inside and outside, where food and drink are available for fans to purchase and enjoy while they’re at a game or a music event. |
| Concessionaire | Concessionaire: The owner or operator of a concession stand. |
| Game-day experience | Game-day experience: The quality of the fan experience during an event, including the concession experience. |
| Concession pricing | Concession pricing: The various methods stadium owners and managers use to price concessions, including all-you-can-eat seats and discounts for season ticket holders. |
| Price | Price: The amount a concessionaire charges for food and drink items. |
| Cost | Cost: The amount a food item costs the concession owner plus the amount paid to workers to prepare and serve the item. |
| Profit margin | Profit margin: The total cost of the item (including labor, etc.) subtracted from the price charged. |
| Inventory: | Inventory: The on-hand supplies of food and drink a concession stand has. |
| Ordering: | Ordering: The process by which concessionaires purchase raw materials for their concession stands from food suppliers, often wholesalers. |
Concessions