QUIZ 1
1. A camera-maker's price competitiveness in a particular geographic region
is determined by
whether the average wholesale price it camera retailers for its camera models is
within $20 of
the regional average wholesale price; all companies with average wholesale prices
within $20
of the regional average wholesale price are considered to be price competitive. All
other
companies are considered to be charging average wholesale prices that are NOT
price
competitive.
whether the average wholesale price for its camera models is within 10% of the
lowest-priced
camera brand in the region: a company becomes progressively less price
competitive the
greater its average wholesale price is more than 10% above the company with the
lowest
average wholesale price.
how favorably the average wholesale price it is charging camera retailers for its
models
compares to the lowest average wholesale price being charged by a rival camera-
maker in
that same geographic region.
how much its average wholesale price to camera retailers in the region is above or
below the regional average wholesale price.
whether the average wholesale price it is charging camera retailers for its models is
at least
10% below the highest-priced camera brand in the region: all companies whose
average
wholesale price is more than 10% below the highest-priced camera brand in the
region are
considered to be price competitive .
,2. Which of the following does NOT accurately describe your company's
camera/drone business
and operations?
The company has two buildings for assembling products at its Taiwan site--one for
cameras
and one for drones (the drone assembly process also includes assembly of an
action-camera
model having features and specifications suitable for use in camera-equipped
drones). No
camera models or drone models are assembled in advance, warehoused in
company
facilities, and then used to fill incoming orders.
The unmanned aerial view (UAV) drones assembled at the Taiwan plant are sold
directly to
buyers at the company's website and to other online retailers of commercial drones
in each
geographic region.
The company makes the majority of the needed camera components at facilities
close
to its Taiwan assembly plant; newly-produced camera components are
transferred by
truck on a just-in-time basis to the company's camera assembly facilities where the
company operates a 250-person assembly line capable of turning out 3,250
cameras
per hour. There is ample space at the camera assembly facility to add two more
250-
person assembly lines should they be needed later to fill incoming buyer orders.
Your company maintains regional facilities in Milan, Italy: Singapore; Sao Paulo.
Brazil: and
Dallas. Texas to handle the company's marketing efforts in each of the world's
principal
geographic regions, to support the merchandising efforts of area retailers who
stock the
company's brand of action-capture cameras and UAV drones, and to process
camera/drone
warranty claims (including making needed repairs) originating in their respective
geographic
regions.
Once the company's action-capture cameras are assembled and tested. the company
ships
,them across the world to multi-store chains and online retailers that sell electronics
products
and to a wide variety of local retail shops stocking and merchandising (or
sometimes renting)
action-capture cameras to their customers.
3. The benefits of current and cumulative expenditures for camera/drone
product R&D do NOT
include which of the following?
Providing a pipeline of tested ways to add more features, improve product
performance. and
build the company's proficiencies in introducing new and improved camera/drone
designs
and models
Reducing the costs of camera/drone parts, components, accessories. and
enhancement
features; the size of this benefit varies according to the amount spent
Boosting a company's P/Q ratings (the size of this benefit varies with the current
and
cumulative amounts spent and shows up in the P/Q ratings at the beginning of the
following
year)
Reducing annual maintenance costs for installed camera/drone workstations (this
benefit show up at the beginning of the following year)
Increasing the productivity of PATs in assembling camera/drone models (because
of easier to
assemble product designs); the size of this benefit occurs immediately and varies
according
to the amount spent
4. Which one of the following is NOT a factor in determining a company's
action camera sales and
market share in a particular geographic region?
The number of camera models in each company's line-up of camera offerings, the
length of
the warranty period for each company's camera models. and the amount companies
spend
for advertising.
, How a company's average wholesale price for the camera models it sells to
retailers in the
region compares with the average wholesale prices of the camera models of
competing
companies
The extent to which the number of week-long camera sales promotions a company
has
annually is above/below the region's all-company average
The amounts by which the company's credit rating and customer service rating are
above/below the regional average
Whether the size of the discounts off the regular average wholesale price a
company offers to
retailers during weekly sales promotion campaigns is above/below the regional
average
5. Which of the following are components of the compensation package for
members of
camera/drone PATs?
Annual base wage, assembly quality incentives ($ per unit assembled divided
equally
among PAT members), year-end bonus for perfect attendance, and the dollar-cost
of a
PAT member's fringe benefit package
Weekly salary, the cost of a PAT member's fringe benefits package, weekly
bonuses for
meeting or beating the PAT's weekly assembly quota. overtime pay, and a monthly
allowance
for living expenses
The hourly wage paid each PAT member (which can differ for camera PATs and
drone PATs i.
the costs of a PAT member's fringe benefit package, overtime pay, and a weekly
allowance
for cost of living expenses
the daily wage paid to each PAT member, the costs of company-paid fringe
benefits. a bonus
of $4.00 per camera/drone assembled by each camera/drone PAT (which is subject
to
change), and a weekly allowance for living costs
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