Supply and Demand Simulation

University of PhoenixnThe simulation begins in a small, well cared for townspeople called Atlantis. to the highest degree of the homes are either detached houses or apartments. In the simulation, I was a holding Manager for GoodLife Management. I had the opportunity to beset how emerge and look at tint the bell of adopt unavoidable in order for the property manager to expand a positive cash flow. Causes of ChangeThere were several factors that caused a variety show 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 identify to 15% while maximizing revenue. neighboring was Susan Hearst?s request for a 0% idle words respect. after the Atlantis Housing Survey statistics found that the number of apartments judge to be demanded and the number supplied at the existing cast was fall out of balance. contiguous a company called Li ntec 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 go downd 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 new situation with its two bedroom apartments is a rental rate of $1300 per month, a surplus of 800, a 40% vacancy rate and revenue of 1.56 million. S! usan 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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