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Capsim Exam Verified Study Questions And Answers
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Capsim Exam Verified Study Questions And Answers
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Capsim Exam Verified Study QuestionsAnd Answers
What does your company manufacture? CORRECT ANSWERS Sensors
How was your company created? CORRECT ANSWERS It was created when the
government split a monopoly into identical competitors.
What is FastTrack? What does it include? CORRECT ANSWERS 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? CORRECT ANSWERS It is a rating that can
determine sales distribution.
(Higher scores = better sales)
What is Situation Analysis? CORRECT ANSWERS 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? CORRECT ANSWERS 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? CORRECT ANSWERS They are
results from the previous year.
They will help you analyze last year's results.
What is Foundation Spreadsheet? CORRECT ANSWERS It's the nerve center of your
company where you formulate and finalize management decisions for every
department.
What are the four departments? CORRECT ANSWERS -R&D
-Marketing
-Production
-Finance
What is Research and Development? CORRECT ANSWERS 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? CORRECT ANSWERS They price and promote your products. Also
responsible for sale forecasts.
What is Production? CORRECT ANSWERS They determine how many units will be
manufactured during the year. They are also responsible for buying and selling
production lines.
What is Finance? CORRECT ANSWERS Makes sure your company has financial
resources (i.e. bonds, stock issues)
Inter-Department Coordination: R&D + Marketing CORRECT ANSWERS Work together
to make sure products meet customer expectations.
Inter-Department Coordination: R&D + Production CORRECT ANSWERS 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 CORRECT ANSWERS Work
together to make sure manufacturing quantities are in line with forecasts.
Inter-Department Coordination: Marketing + Finance CORRECT ANSWERS Work
together to project revenues for each product and to set the Accounts Receivable
policy.
Accounts Receivable Policy CORRECT ANSWERS The amount of time customers can
take to pay for their purchases.
Inter-Department Coordination: Finance and Production CORRECT ANSWERS
Production tells Finance if they need additional equipment.
What is a Decision Audit? How does it help you? CORRECT ANSWERS It is a
complete trail of all team decisions.
It helps you identify your decision making strengths and weaknesses.
Successful managers will: CORRECT ANSWERS -Analyze the market and its
competing products.
-Create and execute a strategy.
-Coordinate company activities.
What does the Industry Conditions Report do? CORRECT ANSWERS It lists market
segment sales percentages and projected growth rates unique to your simulation.
What are the four basic buying criteria? CORRECT ANSWERS -Price
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