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.

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