This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how fair share is calculated. What will be an ideal response? (Read 52 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Sep 11, 2019

Question 1

When your competitors change their prices, should you follow?
 
  What will be an ideal response?

Question 2

Explain how fair share is calculated.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Sep 11, 2019

Answer 1

Yes, when you see a change in your booking pace (or you anticipate to see a change). Often, competitors change their prices due to their internal factors, which may not impose a significant impact on the overall market. If that is the case, you stick to your pricing that best suits your own demand and supply dynamics. If competitors modify their strategies because they identify changes in the market before you do, then you need to conduct analysis to reflect any shifts in the marketplace.

Answer 2

Position capacity share less revenue share determines the fair share. Position capacity share measures the percentage that one casino holds of the total slot machines and six times the number of table games based on six seats at a table and is a measure of supply share. A positive fair share suggests that the casino is competing effectively in the market while a negative fair share suggests the opposite.


JMatthes

  • Hero Member
  • *****
  • Posts: 578
Reply #2 on: Sep 11, 2019
Thank you!


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Sep 11, 2019
Always glad to help...


« previous next »
 

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Cytoplasmic response to a signal: the stimulation of glycogen breakdown by epinephrine. Cytoplasmic response to a signal: the stimulation of glycogen breakdown by epinephrine.
Selected Biological Response Modifiers Selected Biological Response Modifiers
Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ... Dose-response relationship. As the dose of a drug increases, a maximal response or plateau is ...
Orange section of the Emergency Response Guidebook (ERG). Orange section of the Emergency Response Guidebook (ERG).
Steiner taste response experiments on three newborns Steiner taste response experiments on three newborns
From Signal Reception to Response From Signal Reception to Response
Video: Inflammatory response Animation

For a complete list of videos, visit our video library