NERVOUS SYSTEM SPECIAL SENSE
CEREBRUM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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OYO Works on a dynamic pricing model that maximizes revenue at property level.The range of prices within which OYO has provided bookings to the property vs the cluster/city. The statement is:
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Price Strategy Oyo Room attracts customers by offering low prices relative to the original price offered by the hotel. The key aim is to provide a price that matches the budget of the customers.
Detailed explanation-2: -Oyo started as a hotel aggregator and used to lease some rooms and sell them under its brand name. However, it changed its business model from the aggregator to the franchise model. It involved partnering with hotels, asking them to operate as a franchise, and selling their rooms to customers at competitive prices.
Detailed explanation-3: -Ltd was Ritesh Agarwal’s first startup. Some Problem Faced by OYO were High Cash Burn, Standardization, Competition, Malpractices.
There is 1 question to complete.