Universal rental car pricing simulation

Assignment Help Managerial Economics
Reference no: EM13883787

Question: Universal Rental Car Pricing Simulation

Assignment

Write a report of no more than ,1600 words (not including tables and other appendixes) explaining your strategy, results, and observations from the special scenario of Universal Rental Car Pricing Simulation assigned for Minor Project 2. Design and format of the report are your choice. When quoting from or crediting references, use the Harvard style. This means that there will not be footnotes, and that citations/references are "worked into" the regular text. Please see a copy of the Harvard Business Review in the Regent Library databases for examples.

Content

The report should start with an overview of your strategy (its goals and any changes during the scenario), your results (did they meet expectations?), and an explanation of how your strategy, market conditions, and competitor behavior led to those results. The body of the report should answer/discuss the following questions and topics:

Weekday vs. weekend demand. How did they differ? What are they a proxy for? How did their price responsiveness differ and why? How did you use this information in your pricing decisions?

Cost structure. Describe the economics of this business. In what ways did you use the breakeven calculator? How did the cost structure affect your pricing decisions?

Competitive price moves. What did you think the competition was doing? What kind of competitor were you up against? How intelligent was the competitor? On what do you base that assessment?

General market conditions. Did you observe any patterns in overall market demand over the duration of the game? Explain. How would you characterize elasticity of demand in this market overall? Was it a good year or a bad year to be managing this business? Why?

Verified Expert

Reference no: EM13883787

Lesson 3 problem set a

Suppose that bondholders converted $500 million worth of bonds to equity. How would this affect Loewen's earnings before income taxes as compared with its economic value added

Explain how lower exchange rate affect domestic exporters

I understand if the United State dollar is weak, then exchange rate reduces. This situation would entice producers in other countries to export their goods into the United Sta

Which areas of study is included in field of macroeconomics

ECON125-HK2: Which of the following areas of study is included in the field of macroeconomics? When the supply of a product increases but the demand for the product remains

Estimate profit maximizing quantity, price and profits

A company has the following short run demand and cost schedule for a particular product; Estimate the firm's profit-maximizing Quantity, Price, and economic profits or losses.

Draw a new organizational chart for j and js international

What organizational changes do you think J&J should consider given the change in the environment? Explain. Draw a new organizational chart for J&J's international operations

Change in cost on profit maximizing output & optimal profit

The company faces a market price of $15. Algebraically calculate the profit maximizing output and the level of optimal profit for the company.

Describe algebraically the inverse demand curve

Describe algebraically the inverse demand curve faced by the firm in this instance. Provide a graph that is consistent with your answer. Based on this graph, explain why thi

How to overcome the risk for the industry and the business

As an owner of a visible U.S. business that is valued in the community, you are making a final decision regarding the international aspects of a business decision, and you d

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd