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Calculating Price based on Elasticity of Explorer Group

Simon-Kucher Case: GST Cruise Company
New answer on Nov 07, 2023
2 Answers
314 Views
Victoria asked on Nov 04, 2023

For section 3, where we need to calculate the adjusted price of explorer group, why we use the maximum capacity 990 instead of the 900 demand from explorers when calculating the potential price change  (where the answer says"The new price would therefore be €161.50, instead of the previous €170.")? The actual demand is 900 not 990

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Ian
Expert
Content Creator
replied on Nov 05, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Victoria,

As I flagged in your last Q&A, screenshots and better clarity are needed for us to best help you!

Personally, I don't see the 990. Rather, in the section you mentioned, their solution does indeed say 900:

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Cristian
Expert
Content Creator
replied on Nov 07, 2023
#1 rated MBB & McKinsey Coach

Hi Victoria!

Actually, I struggle to find the 990. Can you send a screenshot of where you see it in the case?

Good luck!
Cristian

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Ian gave the best answer

Ian

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