This topic contains a solution. Click here to go to the answer

Author Question: Explain how fair share is calculated. What will be an ideal response? (Read 62 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578

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

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

ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Always glad to help...



 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library