Term Definition
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 The owner or operator of a concession stand
Game-day experience The quality of the fan experience during an event, including the concession experience
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 The amount a concessionaire charges for food and drink items
Cost The amount a food item costs the concession owner plus the amount paid to workers to prepare and serve the item
Profit margin The total cost of the item (including labor, etc.) subtracted from the price charged
Inventory The on-hand supplies of food and drink a concession stand has
Ordering The process by which concessionaires purchase raw materials for their concession stands from food suppliers, often wholesalers

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