View All num of num See all Photos Boston Consulting Group This employer has taken extra steps to respond to reviews and provide job seekers with accurate company information, photos, and reviews. Interested for your company?Learn More. www.bcg.com Employer Engaged Overview Reviews Salaries Interviews Jobs Photos Benefits 639 Reviews 2.0k Salaries 600 Interviews Follow Add Review or Salary Follow Add Review or Salary Interview Question Internship Interview Boston Consulting Group How do you raise the profitability of parking lots in a city? Tags: See more , See less 8 Answer Add Tags Answer Interview Answer 1 Answer ▲ 0 ▼ You can raise profitability by either increasing revenue or decreasing costs:To increase revenue you could:- charge higher fees (though this may hurt you more than benefit you if all of your potential customers go to other parking lots)- add more parking spaces by building a parking garage (though you need to ensure demand is sufficient so that you can fill all of the extra parking spaces).- Employ a person/tow-truck to tow away unauthorized vehicles.- Turn the parking lot into a skyrise, and have the bottom x number of floors remain a parking lot so you can keep your business. The upper deck floors could be a grocery store, apartments, or business offices. Either, additional people occupying the building will create an increase in demand for your parking.To decrease costs you could:- Install electronic ticket payment meters instead of having an attendant on duty.- Add a roof to the parking lot so you do not need to pay for snow removal in the winter time. Bubba on Jul 9, 2014 Add Answers or Comments To comment on this, Sign In or Sign Up.