Exam (elaborations)
Exam #1 Capsim/133 Questions and Answers/100% Correct
- Course
- Institution
Exam #1 Capsim/133 Questions and Answers/100% Correct
[Show more]
Seller
Follow
Victorious23
Reviews received
Content preview
Exam #1 Capsim/133 Questionsand Answers/100% Correct
What does your company manufacture? - -Sensors
-How was your company created? - -It was created when the government
split a monopoly into identical competitors.
-What is FastTrack? What does it include? - -It is an extensive year-end
report of the sensor industry.
It includes customer buying patterns, product positioning, public financial
records and other info that will help you get ahead.
-What is a Customer Survey Score? - -It is a rating that can determine sales
distribution.
(Higher scores = better sales)
-What is Situation Analysis? - -It enables you to understand current market
conditions and how the industry will evolve in the next few years. (Assists
with operational planning)
-What are Proformas? How will they help you? - -They are projections for
the upcoming year.
They will help you envision the impacts of your pending decisions and sales
forecasts.
-What are annual reports? How will they help you? - -They are results from
the previous year.
They will help you analyze last year's results.
-What is Foundation Spreadsheet? - -It's the nerve center of your company
where you formulate and finalize management decisions for every
department.
-What are the four departments? - --R&D
-Marketing
-Production
-Finance
-What is Research and Development? - -They design your product line. They
invent and revise products that appeal to your customers changing needs.
, -Changes size and performance on the Perceptual Map.
-What is Marketing? - -They price and promote your products. Also
responsible for sale forecasts.
-What is Production? - -They determine how many units will be
manufactured during the year. They are also responsible for buying and
selling production lines.
-What is Finance? - -Makes sure your company has financial resources (i.e.
bonds, stock issues)
-Inter-Department Coordination: R&D + Marketing - -Work together to make
sure products meet customer expectations.
-Inter-Department Coordination: R&D + Production - -Work together to
ensure assembly lines are purchased for new products. (If production
discontinues a product, it should notify R&D)
-Inter-Department Coordination: Marketing and Production - -Work together
to make sure manufacturing quantities are in line with forecasts.
-Inter-Department Coordination: Marketing + Finance - -Work together to
project revenues for each product and to set the Accounts Receivable policy.
-Accounts Receivable Policy - -The amount of time customers can take to
pay for their purchases.
-Inter-Department Coordination: Finance and Production - -Production tells
Finance if they need additional equipment.
-What is a Decision Audit? How does it help you? - -It is a complete trail of
all team decisions.
It helps you identify your decision making strengths and weaknesses.
-Successful managers will: - --Analyze the market and its competing
products.
-Create and execute a strategy.
-Coordinate company activities.
-What does the Industry Conditions Report do? - -It lists market segment
sales percentages and projected growth rates unique to your simulation.
-What are the four basic buying criteria? - --Price
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now