11 Sep 2022

119

Pricing Tools: How to Set the Right Price for Your Products and Services

Format: APA

Academic level: College

Paper type: Coursework

Words: 298

Pages: 1

Downloads: 0

Since there is increasing traffic congestion in America due to the large volume of private mobility vehicles and limited road capacity, optimizing mass transit is being adopted widely. The quality of public transportation is all the matters when means of public use are addressed. In addition to the pricing tool, various factors affect public transportation, which the US federal government has to consider enhancing quality transportation. One factor is the safety and comfort of transportation. Although every transportation company appears to be concerned with the safety of their customers for their benefits, it is the government's responsibility to install policies that ensure the worthiness of transportation (Bueno et al., 2017). The responsiveness is another factor determining customers' choice of means of transportation. Every person is sound of time factor which governs their ability to wait for specific means of transportation; hence, quick response from transporters would be highly regarded. 

The capacity of transportation is another factor that affects America's use of mass transit. As the volume to be transported varies from single to multiple individuals, they tend to choose buses that will accommodate all their numbers in one travel system. The tangibility of transportation is also considered for customers to feel the services they pay for (Alemi et al., 2018). The reliability of public transit is a crucial factor when adopting this option. Many customers of mass transportation have complete dependence on these means to reach their destination. Any failure or unreliability whenever companies provide these services drives towards reduced productivity at the workplace, loss of jobs, damaged reputation, and actual destruction of property. Additionally, public reason plays an essential role in adopting mass transportation; hence, the government should invest in awareness creation. All in all, customer satisfaction is the key while implementing mass transit in the United States. 

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

References 

Alemi, F., Circella, G., Handy, S., & Mokhtarian, P. (2018). What influences travelers to use Uber? Exploring the factors affecting the adoption of on-demand ride services in California.  Travel Behaviour and Society 13 , 88-104. 

Bueno, P. C., Gomez, J., Peters, J. R., & Vassallo, J. M. (2017). Understanding the effects of transit benefits on employees’ travel behavior: Evidence from the New York-New Jersey region.  Transportation Research Part A: Policy and Practice 99 , 1-13. 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 14). Pricing Tools: How to Set the Right Price for Your Products and Services.
https://studybounty.com/pricing-tools-how-to-set-the-right-price-for-your-products-and-services-coursework

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

17 Sep 2023
Logistics

The District Court - A Court of Record

I attended a landlord-tenant hearing at the Suffolk County District Court. The landlord, who wanted to evict the client due to failure to pay rent had already filed a complaint, which was availed to the client by the...

Words: 479

Pages: 2

Views: 176

17 Sep 2023
Logistics

How One Company Streamlined Their Product Returns Processing

Main Points The article posits that in the face of the rapidly increasing volume of goods flowing back through the supply chain, processing product returns has emerged as an essential activity for organizations....

Words: 610

Pages: 2

Views: 82

17 Sep 2023
Logistics

Transportation and Logistics Management Solutions

Logistic management creates value in an organizational supply chain by managing transport services that a firm offers to retailers using direct delivery of products. Transportation acts as a crucial component of...

Words: 310

Pages: 1

Views: 151

17 Sep 2023
Logistics

Sustainability Strategy | What is Sustainability?

Corporate development is achieved through definition and implementation of effective strategies that cover both long-term and short-term objectives. For companies to be able to develop a sustainable plan, there is a...

Words: 857

Pages: 3

Views: 104

17 Sep 2023
Logistics

Futureproofing Small Businesses: Guidelines for Adapting to New Technology

Introduction 4 Adoption of New Technologies as a Pre-requisite for Business Success 4 Background 4 Challenges and Barriers to the Adoption of New Technology 7 Fulfilling Dual Role 9 Serving Different Internal...

Words: 12204

Pages: 46

Views: 417

17 Sep 2023
Logistics

International Water Transport

In Europe, before the formation of the East Indian Trading Company, just a few extra quantities of goods from the East Indies made their way to this continent through a complicated sea trade route. During the late...

Words: 2831

Pages: 10

Views: 358

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration