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Principles Of Management Man-2021 Week 1

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Camila De Avila November 30, 2015 Principles of Management MAN-2021-14039 Innovation Transportation Located in Orlando – FL, Innovation Transportation was established in 2000, the company is dedicated to providing safe, reliable, and professional transportation across the United States. They attribute to their success to the team of highly experienced and professional members who strive to exceed the customers’ expectations. Innovation is head quartered in Orlando, Florida with additional offices in Tampa. Innovation Transportation offers a variety of services for groups of all sizes that include motor coaches, convention shuttle services, corporate, airport transportation, venue transportation, arranged sightseeing tours, out-of-town charters, …show more content…

In defiance, when a specific good or service has a high supply and little demand, the price of the good or service declines. Every business offers a good or service to a customer or another business. The supply and demand of the good or service affects the earnings obtainable from the market. Object lesson: When gas prices are increased the cost because of limited supply, it affects businesses globally and locally. When fuel costs is raised, transportation companies have raised operational costs. Part of this cost is passed on to its customers in the form of higher delivery charges or in some cases fewer …show more content…

Now the bar has to order more fresh beers, because it needs to last for more than one day. The older beer has a negative effect on the taste of the bars fresh beer and sales start to decline. In this situation, the extensive supply and demand of gas was very affective to this company’s inflation. In the case of this company where it is pretty much designed and thought around transportation, the price of gas will have a lot of influence. If the price is high then the rates will increase, and if gas prices decrease then rates will as well. The maintaining of the buses also tags along with the rates. The overall prices of each passenger will be calculated around gas, driver, and toll (if any), bus maintenance, employee’s payments, company taxes, bus extras (such as: 24 hour dispatch service, 24 hour road service assistance. Wi-Fi), bus cleaning, insurance. The sales needs to at least fill up half of the bus to have some kind of profit. Innovation Transportations goals and objectives is to understand and accomplish the vacation dreams and business targets from all of our customers, providing reliable and affordable services. Analysis

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