Retail Mathematics Question

[SimonTan]

I think that is why MRT wants to increase fares. They can't upsell or sell premium products. There is only one train!

The population is stable as the inflow of FT n PR has being reduced greatly.

 

So to increase profit the only way is higher fare.

 

In MRT case...it's bad!

 

[Old-driver]

  On 7/28/2011 at 2:32 PM, Kelpie said:

I got a different view else where.

 

They said, it could mean the business is driving away price-sensitive customers and retaining customers who are willing to pay more for quality product. Hence, despite a flat customer count, the spending power increases and so is the sales.

 

Regards,

Generally retailer profitibilty can be derived from X amount of revenue being generated from size of shop... if it is inceasing even with less customers you are still doing something right.

[Tubokia]

  On 7/28/2011 at 1:55 PM, Kelpie said:

Hi all,

 

Assuming you are running a retail chain, your sales curve actually behaved similarly with the customer spending trend. However, despite the increase in sales and customer spending, your customer count actually declining or stay very flat. Also assume that cost of living and inflation rate remain unchanged.

Political situation and state of economy also remain stable. One uncertainty is population count and rate of residential build-up at your operating areas.

 

Do you think this is good or bad for the business?

 

Thank you very much for your comment.

 

Regards

 

Not math qn but common sense

BAD BAD BAD

[Jman888]

  On 7/29/2011 at 1:29 AM, Tubokia said:

Not math qn but common sense

BAD BAD BAD

 

 

[laugh] kena banned!

[Tianmo]

  On 7/29/2011 at 1:41 AM, Jman888 said:

[laugh] kena banned!

 

 

so soon............. :o

[Raymondism]

  On 7/29/2011 at 1:41 AM, Jman888 said:

[laugh] kena banned!

 

why kena banned?

[Old-driver]

  On 7/29/2011 at 3:18 AM, Raymondism said:

why kena banned?

offended someone?

[Raymondism]

  On 7/29/2011 at 3:19 AM, Old-driver said:

offended someone?

 

izzit?

[Lenfuma03]

Bad!