Question description

Costing and Pricing of Transport

Operation of Transport

The financial management of each and every transport operation is crucial to its future sustainability.

For a transport organisation of your choice:

a) Describe the cost elements which exist in a transport operation and how these can be successfully controlled whilst maintaining or improving customer satisfaction. b) Evaluate the various methods used to build costs into a pricing policy. c) Compare and contrast the different pricing arrangements of transport in an operation that has to meet a regular peak in demand for its services and how these can be used to control demand.