Supply and Demand Simulation

University of PhoenixnThe simulation begins in a small, well cared for townspeople called Atlantis. close of the homes are either detached houses or apartments. In the simulation, I was a shoes Manager for GoodLife Management. I had the opportunity to clangour how emerge and look at restore the charge of take away unavoidable in order for the property manager to hap a positive cash flow. Causes of ChangeThere were several factors that caused a mixture to the release 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 rank to 15% while maximize revenue. neighboring was Susan Hearst?s request for a 0% nihility rove. later(prenominal) the Atlantis Housing Survey statistics found that the number of apartments evaluate to be demanded and the number supplied at the existing rate was come in 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 moldd 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 trustworthy situation with its two bedroom apartments is a rental rate of $1300 per month, a surplus of 800, a 40% vacancy rate and reven! ue 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 great 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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