Network Rail is the owner and the infrastructure leader of most of the rail network in England, Scotland, and Wales. The company took over the responsibilities of railway systems from previous owners who were Railtrack in 2002. The company deals in providing rail network all over Britain. The responsibilities of Network Rail comprises of railway tracks, signals, overhead wires, tunnels, bridges, level crossing and most stations. The management makes certain to provide the country with the right kind of service so that no individual has to face any delay in reaching their destination. The corporation has around 2,500 railway stations; however, it manages only 19 of them which are the biggest and busiest of them all. The rest of the stations
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Autonomous interest is the interest for an essential item, for instance an auto. Dependant interest is the interest for an optional item identified with the essential item, for instance auto tires. The demand for the optional item is subject to the demand for the essential item.
In the aspect of Network Rail, the supply and demand factor is basically dependent on the way consumers utilise the railway system. The supply aspect is basically controlled by the external factors of the Network Rail system. These factors can either be already existing competitors or new competitors entering the market.
Network Rail will have a tough competition in this scenario as they would have to focus on making certain that they are able to attract consumers to use their services, instead of letting consumers utilise the services of other diverse train operators. However, it should also be noted that at times, supply factor can work in favour of Network Rail as well (Asif, & Muneer, 2007). This usually happens when new suppliers who enter the market tend to provide high prices, or even if they provide low prices, they do not cover the required area owing to which many people would opt for Network Rail as their preferred choice to travel to one place from …show more content…
The pricing factor of the Network Rail is based on several factors, the key one being that Network Rail recovers most of its costs through the train operators who are provided the infrastructure to use their trains on. Furthermore, an additional factor that plays a key role in pricing factor is the behaviour of the competitors and the economic changes. Network Rail observes the factors regarding its pricing aspect into detail and then decides the charges that it needs to keep in order to recover the costs that it has spent on the infrastructure of the railway system in England, Scotland, and
Autonomous interest is the interest for an essential item, for instance an auto. Dependant interest is the interest for an optional item identified with the essential item, for instance auto tires. The demand for the optional item is subject to the demand for the essential item.
In the aspect of Network Rail, the supply and demand factor is basically dependent on the way consumers utilise the railway system. The supply aspect is basically controlled by the external factors of the Network Rail system. These factors can either be already existing competitors or new competitors entering the market.
Network Rail will have a tough competition in this scenario as they would have to focus on making certain that they are able to attract consumers to use their services, instead of letting consumers utilise the services of other diverse train operators. However, it should also be noted that at times, supply factor can work in favour of Network Rail as well (Asif, & Muneer, 2007). This usually happens when new suppliers who enter the market tend to provide high prices, or even if they provide low prices, they do not cover the required area owing to which many people would opt for Network Rail as their preferred choice to travel to one place from …show more content…
The pricing factor of the Network Rail is based on several factors, the key one being that Network Rail recovers most of its costs through the train operators who are provided the infrastructure to use their trains on. Furthermore, an additional factor that plays a key role in pricing factor is the behaviour of the competitors and the economic changes. Network Rail observes the factors regarding its pricing aspect into detail and then decides the charges that it needs to keep in order to recover the costs that it has spent on the infrastructure of the railway system in England, Scotland, and