ORLANDO:
By raising the weekday rental price by $5.00 and the weekend rental price by $3.00, we lost money compared to last month. Weekday and weekend utilization dropped, as did total unit sales. Not a good month for the Orlando market. I thought that by increasing the prices slightly, we could increase our earnings, but I was way off. Net revenue decreased by $5,705,596, net income decreased by $4,007,499, but accumulated profit increased by $17,175,324. I am a little confused at these findings.
MIAMI:
By increasing the weekday rental price by $2.00 and the weekend rental price by $5.00, the Miami market increased their earnings and had a decent month. Utilization was maintained at 100% and total unit sales stayed the same. Total revenue, net income and accumulated profit all increased.
Very different outcomes for the two markets by increasing the prices ever so slightly. Not a great way to end the month, or the simulation for that matter, but overall, I'd say it was a success.
Hello,
ReplyDeleteI just noticed that you played the same stimulation game in the past that i am currently going to do as my school project, and I was wondering
if you would like to run it for me.
please let me know if you are interested in running the game for 3 different scenarios, several times for each
and reporting the result for each ( 3 reports all together)
Also, please quote your price for doing this.
the deadlines have been mentioned in details in the link/file
https://www.freelancer.com/projects/Marketing-Sales/Help-with-Marketing.6042659.html
my emaiI address is behrouz.p1985 (@) gmail dot com
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ReplyDeleteThanks, Busarakham.