Tuesday, March 5, 2019
Individual Writing Assignment Essay
As requested, I adjudge assessed the merits of the option presented at the meeting, and I have come up with the best recommendation to roll in the hay with the current issues. Despite the intriguing idea presented at the meeting, I shade it is non the best solution available for our current situation. In install to bring in to a greater extent tax revenue for our cheer place, I have concluded that we need to summation our ticket price on holidays and join on the varieties of the types of tickets that we offer. When analyzing our best solution, certain criteria needed to be met in order to progress to a valid decision, includinga) Increase visits per clientb) Increase average outgo per visitc) Attract new customersA) Different Tickets Ensure More Visits per nodeWhen we start to offer different types of tickets such as seasonal moot and yearly pass, average visits per customer would naturally add due to the particular that we are offering these tickets. As a result, t he sale of those tickets will come back enormous profit for us because of the average price of those tickets. Moreover, customers will mirthfully and gladly purchase those tickets because seasonal and yearly passes are always a good deal. The guest card idea presented at the meeting does not address this decision criterion and this criterion is crucial for generating more revenue for amusement parks. Thus, by increasing the types of tickets we offer, we can generate significantly more revenue for Exquisite Entertainment.B) Higher Ticket Price Increase customer SpendingWith the increase in ticket price on holidays and the increase in the types of tickets that we offer, customers average spending per visit will increase intimately mainly due to the ticket price. People go to amusement parks mostly on weekends and holidays. As a result, on those occasions the penury is extremely high. And according to the law of supply and demand, when demand is high, price should increase as wel l. Therefore, it is a suitable strategy to increase the ticket price on holidays to increase average spending per visit while without having to award special guest card to separate customers into different tiers and levelsthat may break the whole customer experience.C) Attracting New Customers Without Losing Companys IdentityWith the establishment of different varieties of ticket types, we are able to create a comical benefit to potential customers. New customers will be pulled greatly to our amusement parks because they can now enjoy our amusement parks some(prenominal) times at a discount price. Additionally, every type of customer will be satisfied and attracted instead of just time-starved, high-income professionals and their families proposed at the meeting. Therefore, by introducing different ticket types and not focusing our customers down to a pin down group, there will be more profits generated because we can attract more potential customers from various groups. And it fits our companys history and socialization perfectly as well.All of these factors make my recommendation a dianoetic solution to Exquisite Entertainment, as it will not only increase average spending per visit with higher ticket price on holidays, but it will also attract new customers and increase visits per customer with different types of tickets. Ultimately, all factors lead to higher profits for our amusement parks.
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