Universal Rental Car Pricing
The Universal Rental Car Pricing Simulation is one of a series of simulations Forio has developed in partnership with Harvard Business School Publishing.
As the district manager for the Florida region of Universal Rental Car, you can adjust your prices and car fleet size in Tampa, Orlando, and Miami as you respond to changing customer demand and competition.
The Universal Rental Car Pricing Simulation teaches the principles of pricing and capacity management. The simulation covers core pricing concepts including:
- The nature and dynamics of consumer response to price (price elasticities)
- Pricing for specific customer segments and geographic markets
- The role of fixed costs and variable costs in pricing decisions
- The role of pricing in managing product inventory