One way for a manager of a property to increase the net operating income of a retail store is to increase the flow of customer traffic into the store. If the increased traffic results in increased sales, then the net operating income of the store will increase. If this can be sustained then the manager has increased the value of the property. True or False
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Question : One way for a manager of a property to increase the net operating income of a retail store is to increase the flow of customer traffic into the store. If the increased traffic results in increased sales, then the net operating income of the store will increase. If this can be sustained then the manager has increased the value of the property.
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- Question Primer Inc. offers plumbing and air conditioning services to customers in Kumasi, Ghana. The company’s product strategy is to solve the customer’s problem irrespective of what it takes, at the time the customer needs it solved. The company provides same day service for customers, and theaim is to make the customer happy before leaving.The services of the company are available 24 hours a day, 7 days a week for customers. There is no extra charge for requests made on holidays, odd hours of the day, or in festive seasons. The company aims to be available at the call of customers without charging a pesewa extra, even at times when rival firms won’t get out of bed. The company fixes the price of the service before it begins, and customers can be assured of no extra charges. Irrespective of the customer’s location in the city, Primer Inc. does not charge additional fees for transportation. For all services, the company provides a one year guarantee on all parts and labour used,…*Question on LP*A company produces two products that are processed on two assembly lines. Assembly line one has 100 available hours and assembly two has 42 available hours. Each product requires 10 hours of processing time in assemble line one. Whilst on assemble line two, product one requires 7 hours and product two 3 hours. The profit for product one is ghc 6 per unit. The profit for product two is ghc 4 per unit. Management wishes to know how many units of each product to produce in order to maximize total profit. a) Define the decision variables for this Linear Programming problem b) Formulate a LP model for this problem c) Solve this model using graphical analysis.Question 1: The Best Person for the Job After 25 years, Kevin is finally ready to retire and take it easy. Kevin teaches accounting and general business courses at Youngstown Community College. Kevin over the years has taught hundreds of accounting students and helped them obtain internships and find employment in the community. Kevin’s golfing buddy sometimes jokes that every bookkeeper in town has been through Kevin’s accounting classes. Besides, the regular accounting classes and internships, Youngstown maintains an accounting lab where students can get tutoring help if needed. The current lab tutor is David, who was hired two years ago when Dianne retired after nearly 10 years as the accounting tutor. David is a former student of Kevin and holds an associate’s degree from Youngstown and a bachelor’s from State. The lab job is part-time, which works out perfectly for David, leaving him plenty of time to pursue his MBA in accounting at State. David wants to teach accounting at…
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