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City of Greer, SC Event Center Pricing Presentation
Daniel J. Stone was the Founding Events Supervisor for the City of Greer, SC from 2007-2008. He helped establish the City of Greer Events Center located in Greer, SC between Atlanta and Charlotte. The events center industry in Greer had many operators like hotels and churches acting independently in a monopolistically competitive environment. The City of Greer offered discounts to Greer residents and differentiated its events center by location, capacity, and ability to expand rooms. However, the Great Recession eliminated Stone's position at the City of Greer and rental prices remained unchanged despite new competition.
City of Greer, SC Event Center Pricing Presentation
- 1. Daniel J. Stone FoundingEvents Supervisor City of Greer, SC 2007-2008
- 2. What- City ofGreer Events Center When- 2008 Where- Greer, SC (Between Atlanta and Charlotte in the Upstate of SC) Known for BMW manufacturing and George Clooney movie, “Leatherheads”.
- 3. Monopolistic competition environment Largenumber of event hall operators acting independently (hotels and churches are included) Differentiation: location, capacity of event hall and the ability to have an event hall expanded to two or three rooms and be able to use a kitchenette. Nonprice competition- City of Greer resident received a discount
- 7. Find out thefair market value for renting out the new spaces. Online research Meetings Tours of other event halls
- 8. Demand curve toshift down and to the left (new entrants) Supply curve to shift out and to the right (Greater Greer) Great Recession of 2008 eliminated COG positions. COG event hall rental prices unchanged
- 9. Cumbersome nature ofchanging prices . COG benefits when other businesses such as their competitors are successful due to sales tax collections. Lethargic regarding their bottom line. Weak in implementation of money making activities.
- 10. References City of Greer.(2013). Events Center at Greer City Hall. Retrieved from City of Greer official website: http://www.cityofgreer.org/visit/events_center. php Greenville Online.com. (2013). County-rec district merger expected to raises Greer taxes. Retrieved website: from http://www.greenvilleonline.com/article/20130620/YOURUPS TATE01/306200056/County-rec-district-merger-expectedraises-Greer-taxes Keat, Paul G. and Philip L.Y. Young, Managerial Economics: Economic Tools for Today’s Decision Makers, 6th Ed. New York: Prentice Hall, 2009.
Editor's Notes
- #4 In retrospect, the City of Greer's new event center and park operated in a monopolistic competition environment. When hotels and churches are included, there is a large number of event hall operators acting independently, market entry and exit was not difficult, services were differentiated by location, capacity of event hall and the ability to have an event hall expanded to two or three rooms and be able to use a kitchenette, for example. While customers chose among products, nonprice competition was essential as well. For example, a City of Greer resident received a discount.
- #6 Ensures that the organization remains profitable by managing a LC's hiring needsBy taking the item to be forecasted, enrollment, teacher's work schedules, classroom space, textbooks, and other inventory are allocated based on the number of students enrolled at the LC. the more students enrolled at a LC, the more teaching and administrative hours are available.
- #9 since new entrants will cause the City of Greer's demand curve to shift down and to the left and the Greater Greer supply curve to shift out and to the right, it is interesting to note that the prices that I presented in 2008 are the same in 2013