I online tutoring decides to sell its tutoring services

Reference no: EM13452969

Online Tutors offers monthly access to students for either or both math or science tutors. A market study found that the served by Online Tutors can be divided into two types of students: students needing help with math, who are primarily interested in math tutoring but may be interested in some science tutoring, and students who are primarily interested in science tutoring but may need some math tutoring. The study further estimates that there are 300 students who fit the category of "students needing help with math" and 200 students who fit the category of "students needing help with science." Online Tutors estimated demand for each type of tutoring service by type of student is given below. All costs are fixed so that maximizing total revenue is equivalent to maximizing profit. Use a payoff matrix or find combinations of pricing to result in the best profit.

The demand prices for monthly math and science tutoring services are given below

Type of Student...............................Math Tutoring Only........................Science Tutoring Only

In Need of Math Tutoring............................$100.......................................................$25
In Need of Science Tutoring..........................$50.......................................................$150

a. If the Online Tutoring decides to sell its tutoring services individually, what should it charge for math tutoring? What should it charge for science tutoring?

b. If Online Tutoring offers bundled services, what pricing would you recommend? What happens to its revenues if it uses bundling?

Reference no: EM13452969

Questions Cloud

Check websites as well how is e-commerce applied in : consider the organization you selected wal-mart. integrate the concepts and operationsmanagement principles that youve

Based on the given scenario develop a plan of action that : based on the given scenario develop a plan of action that includes how you would conduct the investigation state how

How have the movements contributed to the system in place : write a 2 page paper describe a few important pieces of legislation or movements that shaped the treatment of juvenile

The creation of privacy and security laws has been a huge : unit outcomes addressed in this assignmentbulldemonstrate knowledge of federal and state health care legislation and

I online tutoring decides to sell its tutoring services : online tutors offers monthly access to students for either or both math or science tutors. a market study found that

Briefly discuss and explain the interactions of sara epcra : briefly discuss and explain the interactions of sara epcra serc lepc and hazwoper in regards to their main regulatory

You are the safety manager for a 50000 square foot : you are the safety manager for a 50000 square foot warehouse operation where paints and painting supplies are stored.

Should computer products accept offer to supply 300000 : 1. computer products corp. sells peripheral equipment used by both private businesses and the government. due to a

Choose a character from a movie or tv series who is a : choose a character from a movie or tv series who is a functioning addict. examples of movies and tv series are the

User Account

All Pages