The current fleet size of BlueSG in Singapore is 667 cars. With your proposed new pricing structure, estimate the annual revenue of BlueSG based on your assumption of number of rentals and average distance travelled per rental. Illustrate the change in revenue with price sensitivity of 5% and 10% reduction in per km charge resulting in corresponding increase of 5% and 10% in number of monthly rentals
The current fleet size of BlueSG in Singapore is 667 cars. With your proposed new pricing structure, estimate the annual revenue of BlueSG based on your assumption of number of rentals and average distance travelled per rental. Illustrate the change in revenue with price sensitivity of 5% and 10% reduction in per km charge resulting in corresponding increase of 5% and 10% in number of monthly rentals
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 6E: The economic analysis division of Mapco Enterprises has estimated the demand function for its line...
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The current fleet size of BlueSG in Singapore is 667 cars. With your proposed new pricing structure, estimate the annual revenue of BlueSG based on your assumption of number of rentals and average distance travelled per rental. Illustrate the change in revenue with price sensitivity of 5% and 10% reduction in per km charge resulting in corresponding increase of 5% and 10% in number of monthly rentals
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