Introduction: The simulation developed a knowledge of pricing by managing a rental car operation in Florida and developing a pricing strategy keeping the competitor in mind. The simulation involved three regions Oriando‚ Tampa and Miami‚ which vary in market dynamics‚ size and customers. The focus is competition between two car rental companies and the simulation last up to 12 months. I had to set weekday and weekend price for the entire three regions for each month and make a fleet decision. Description:
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I volunteered to be an observer for the Everest Simulation‚ and I learned a lot by observing participants interact with one another. As I walked around each group‚ I quickly realized that I wasn’t going to learn as much about the simulation by observing each group; I had to focus on one team and observe their work. As a result‚ I watched one team and learned many important management skills‚ such as leadership‚ planning and controlling‚ setting team and individual goals‚ and communication. The
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approach such as the nations’ economy or the GDP. Nevertheless‚ both micro- and macroeconomics provide fundamental tools when studying the economy. This paper will discuss the examples of the supply and demand curves as they were presented in the simulation. In addition‚ factors affecting these curves such as changes in population‚ government‚ employment‚ and trend all take part in shifting these curves causing pricing or rental rates to increase and decrease accordingly. The concepts of microeconomics
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Supply and Demand Simulation Summary University of Phoenix ECO360‚ Economics for Business I The Supply/Demand simulation involves acting as property manager for GoodLife Management in the fictional town of Atlantis. GoodLife Management manages seven apartment complexes in Atlantis. The property manager is expected to adjust the monthly rental rate of two-bed rental apartments and the quantity of apartments supplied based on the market trends. Factors that influence the supply and demand
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In the experiment‚ synthesis of copper compounds‚ the purpose was to recover the original amount of copper after series of chemical reactions. Then returning the copper back to its original form. The copper wire originally weighted 1.0099 g‚ but after the copper was transformed into Cu(OH)2 to CuO to CuSO4 and finally into Cu‚ the mass of the recovered copper was 1.1023g; the percent yield was 109%. Since the percent yield is more than 100%‚ an error must have occurred somewhere in the lab. A possible
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In Copper Sun‚ Amari is a happy teenage and she is a slave. She was engaged to the most handsome man in her African village. One morning Amari goes outside and her little brother kwasi was hanging from a tree being silly and Amari goes to get her mom some vegetables for breakfast and out of nowhere white men enters Amari’s village setting things on fire and killing people. After a while then men took chained and shackled her and put her into a slave ship. A few weeks later Amari was sold to a man
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Analysis: Copper Lab 1) Calculate the mass of the copper that was recovered 2) Use the formula shown below to calculate the “percent of recovery” of copper for your experiment. 3) Use the proper symbol and formula to write balanced equation for each of the five copper reactions‚ include state symbols. 4) Classify each of the five copper reactions. (Refer to the above order‚ please!) A) Single Displacement B) Double Displacement C) Decomposition D) Double displacement E) Single Displacement
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invested in a gold mine project at Yanacocha in the mountains of Northern Peru a few miles from the ancient Inca city of Cajamarca and the actual village of La Pajuela. The mine is owned at 51% by US-based Newmont Mining corporation and by Buenaventura of Peru for the remaining shares together with the World Bank which has a 5% ownership stake. It is an economical success for this venture has provided 2‚300 direct jobs and more than 10‚000 indirect jobs in the poorest region of Peru. The mine itself has
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The purpose of this paper is to summarize the International Trade Simulation‚ explain the basic concept of International Trade‚ emphasize the four key points from the reading assignments in the simulation‚ and apply these concepts to my workplace. Simulation Summary In the International Trade simulation‚ you are the Trade Representative of a small country called Rodamia. You are introduced to international trade--the theory of comparative advantage and the impact of tariffs‚ quotas‚ and dumping
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Supply and Demand Simulation Thomas Alejandro ECO/365 February 17‚ 2014 Mubarak Laminu Supply and Demand Simulation The supply and demand simulation is based on the management of rental apartments by GoodLife Management in the fictional town of Atlantis. Atlantis is a small city with open spaces‚ low population‚ and a low crime rate. There are plenty of sidewalks and street systems for easy access to the highway. The housing in Atlantis is detached
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