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Calculating Price based on Elasticity of Explorer Group

Simon-Kucher Case: GST Cruise Company

Most recent answer on Nov 07, 2023

gave the best answer on Nov 05, 2023

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 90 ... (read entire answer)

2
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296
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10
Total Upvotes

on Nov 07, 2023 on Nov 07, 2023
Last Activity

price difference per ticket

Simon-Kucher Case: GST Cruise Company

Most recent answer on Nov 19, 2022

gave the best answer on Nov 19, 2022

They are comparing the old price of the explorers (170€) vs. the old price of the frequent travellers (150€). 170 / 150 = 113%

2
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665
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10
Total Upvotes

on Nov 19, 2022 on Nov 19, 2022
Last Activity

Customer Survey and customer segments

Simon-Kucher Case: GST Cruise Company

Recent activity on Apr 26, 2022

gave the best answer on Apr 26, 2022

Hi Jann, That is incorrect. Be careful reading a chart how you assume it should be! Rather, read the labels. The x-axis clearly indicates our performance. So, as we move to the right, we perform better (2 and 9 is where ... (read entire answer)

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1.5 k
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7
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on Apr 26, 2022 on Apr 26, 2022
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Looking for exciting discussions from the community?

Price elasticity

Simon-Kucher Case: GST Cruise Company

Most recent answer on Jan 28, 2022

gave the best answer on Jan 26, 2022

Price elasticities being negative means that an increase in price will lead to a decrease in volume and vice versa. Ex. a 1% increase in price leads to a 1% decrease in demand (elasticity of -1)This is what happens with ... (read entire answer)

4
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2.7 k
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49
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on Jan 28, 2022 on Jan 28, 2022
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Elasticity

Simon-Kucher Case: GST Cruise Company

Most recent answer on Oct 17, 2021

Denis

Expert

Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews

Denis

Expert

gave the best answer on Jan 18, 2021

Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews

Hi Deepa, I only took a quick look but here are my first thoughts. Yes, price elasticities are negative. That means that changes in quantity are negatively correlated to price and vice versa. Price increase -> Lo ... (read entire answer)

3
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8.0 k
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101
Total Upvotes

on Oct 17, 2021 on Oct 17, 2021
Last Activity

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Consulting Q&A – Ask Questions about Your Career

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