Only Charge Traffic Fees 只收流量费
The customer doesn't need to pay a large upfront licensing fee. They only need to pay recurring subscription fees.
客户只需要定期支付服务订阅费用,而不需要预先支付一大笔的使用授权费。
By his reckoning, only 5% of New Yorkers commute to Manhattan by car. Those drivers will pay about half the fees, suburban commuters and commercial vehicles the rest.
据他估算,只有5%左右的纽约人开车进入曼哈顿,这些驾车人将支付所收费用的一半,而那些住在郊外的通勤人员及商务用车则支付另一半。
But the management fees (which are usually linked to a mix of the hotel's revenues and profits) fall by 3%; and franchise fees (which are usually linked only to revenues) fall by only 1%.
但是,管理费(这常常和宾馆的收入和利润联系在一起)会下降3%,特许经销费(这通常只和收入有关)仅会下滑1%。
This is incredibly important because,when you look at this number that we started out with,saying the benchmark was 9.9 but net of fees the managers on average only lost thirty basis points--or .3% -you'd say,well that's a game I don't mind playing.
这极其重要,因为当你看这些数字时,刚才说过基准收益是9.9%,但是主动管理型基金经理人的平均净利润,只落后了30个基点或者说0.3%,你可能会说这个游戏,我不介意玩一玩
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