Costing and Pricing of Transportation
Element: PD03-3 Operation of Transport
The financial management of each and every transport operation is crucial to its future sustainability.
For a transport organisation of your choice:
- Describe the cost elements which exist in a transport operation and how these can be successfully controlled whilst maintaining or improving customer satisfaction.
- Evaluate the various methods used to build costs into a pricing policy.
- Compare and contrast the different pricing arrangements of transport in an operation that has to meet a regular peak in demand for its services and how these can be used to control demand
- Please the assignment should be based on a bus transport organisation.
Answer Preview
Peter Pan Company is a prominent and well-known bus company that usually has its operations in the northeastern side of the United States with its headquarters situated in Springfield, Massachusetts. The buses of this company usually follow several routes such as New York State, Connecticut, Pennsylvania, Rhode Island, Washington DC, New Jersey and Maryland. The business generally registers over four…
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