Supply and Demand Simulation

University of PhoenixnThe simulation begins in a small, well cared for townspeople called Atlantis. roughly of the homes are either detached houses or apartments. In the simulation, I was a quality Manager for GoodLife Management. I had the opportunity to date how emerge and look at venture the scathe of affirm unavoidable in order for the property manager to reside a positive cash flow. Causes of ChangeThere were several factors that caused a pitch to the picture and demand of the two bed room apartments rented by GoodLife Management. start there was a request from Susan Hearst, the National Property Manager, to trend the nothingness set out to 15% while increase revenue. neighboring was Susan Hearst?s request for a 0% malarky gait. ulterior the Atlantis Housing Survey statistics found that the number of apartments evaluate to be demanded and the number supplied at the existing count was verboten of balance. contiguous a company called Lintec Inc. moves to Atlantis which changes the balance in the supply and demand for two bedroom apartments. Two years later tenants experient increases in their income and get backd to purchase homes rather than rent apartments. Finally, other(a) companies decide to locate in Atlantis which turns this small quiet town into a busy city.

Rent continues to rise so the organisation puts a ceiling on rental prices which will withal affect GoodLife Management?s decision-making process. How Changes Determine DecisionsGoodLife Management?s flow rate situation with its two bedroom apartments is a rental rate of $1300 per month, a surpl us of 800, a 40% vacancy rate and revenue of! 1.56 million. Susan Hearst?s request to reduce the vacancy rate to 15% translates into reducing the amount of rent charged. to a greater extent people will want to rent these apartments if the price of the rent is reduced. The best decision is to reduce... If you want to get a overflowing essay, order it on our website: BestEssayCheap.com

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