Lotus Rental Cars Essay Example
Final Research Paper - Lotus Rental Cars
University of Phoenix
Essentials of College Writing
COMM/215
Final Research Paper - Lotus Rental Cars
This paper will focus on preparing an assessment for Lotus Rental Car’s Chief Financial Officer on the feasibility of adding alternative fuel vehicles to the fleet. Although there are many forms of alternative fuel vehicles, this study will primarily focus on the use of hybrid vehicles at Lotus Rental Cars. We will discuss the background of Lotus Rental Car’s current status, the advantages and disadvantages of adding alternative fuel vehicles, and provide our recommendation on why and how it should be done. Our focus will be on three specific areas: budget costs, marketing strategy and performance as well as how Lotus Rental Cars will benefit financially from using this new process in their current fleet.
Background
Lotus Rental Cars is a national domestic rental car organization operating in several locations within the United States headquartered in Los Angeles, California. They have been in business for 20 years and are not as well-known among customers as some of their competitors, such as Budget, Avis and, Enterprise. Lotus Rental Cars uses various vehicles from economy to larger sized vehicles for rental purchase by their customers for personal or business need. A large concern of the organization is long-term cost savings and developing a better marketing strategy. The cost of using various vehicles, increased gas prices caused by the economic downturn, and maintenance of these vehicles will produce a long-term debt versus profit over the next several years if Lotus Rental Cars does not take action to prevent at an operating loss. Lotus Rental Cars needs to develop a long-term solution for the budget concerns and offer a product to make them stand out among their competition.
Advantages Because there is a concern over the long-term effects of operating costs, Lotus Rental Cars needs focus
University of Phoenix
Essentials of College Writing
COMM/215
Final Research Paper - Lotus Rental Cars
This paper will focus on preparing an assessment for Lotus Rental Car’s Chief Financial Officer on the feasibility of adding alternative fuel vehicles to the fleet. Although there are many forms of alternative fuel vehicles, this study will primarily focus on the use of hybrid vehicles at Lotus Rental Cars. We will discuss the background of Lotus Rental Car’s current status, the advantages and disadvantages of adding alternative fuel vehicles, and provide our recommendation on why and how it should be done. Our focus will be on three specific areas: budget costs, marketing strategy and performance as well as how Lotus Rental Cars will benefit financially from using this new process in their current fleet.
Background
Lotus Rental Cars is a national domestic rental car organization operating in several locations within the United States headquartered in Los Angeles, California. They have been in business for 20 years and are not as well-known among customers as some of their competitors, such as Budget, Avis and, Enterprise. Lotus Rental Cars uses various vehicles from economy to larger sized vehicles for rental purchase by their customers for personal or business need. A large concern of the organization is long-term cost savings and developing a better marketing strategy. The cost of using various vehicles, increased gas prices caused by the economic downturn, and maintenance of these vehicles will produce a long-term debt versus profit over the next several years if Lotus Rental Cars does not take action to prevent at an operating loss. Lotus Rental Cars needs to develop a long-term solution for the budget concerns and offer a product to make them stand out among their competition.
Advantages Because there is a concern over the long-term effects of operating costs, Lotus Rental Cars needs focus