Concessions Virtual Business

Term Definition
Concessions Areas on stadium property, both in and out, where food and drink are available to fans
Concessionaire The owner or operator of a concession stand
Game-day Experience The quality of the fan experience during an event
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 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

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