To invent a new product - Study guides, Class notes & Summaries

To invent a new product, which simulation inputs must be provided? - ANSWER Name, Size, Performance, MTBF Buyer's Market - ANSWER The best time for consumers to buy; characterized by large supply, small demand, and low prices. Seller's Market - ANSWER The best time for producers to sell; characterized by large demand, small supply, and high prices Which inputs to the simulation affect the December Customer Survey score for a product? - ANSWER Price, performance, size, MTBF, promo budg...

BUAD 309 Chapter 18 | Questions and Answers (Complete Solutions) An example of change in the nature of the workforce is an increase in ________. A) college attendance B) mergers and consolidations C) capital investment D) divorce rates E) cultural diversity Almost every organization must adjust to a multicultural environment, demographic changes, immigration, and outsourcing. This represents the changing nature of the workforce Organizations are increasingly adjusting their processes and posit...

True/False 1. Sometimes knowing a field too well can stifle creativity. Answer: True Difficulty: Moderate Page: 19 Chapter 02 Sources of Innovation 2. The organization’s structure, routines, and incentives can thwart individual creativity, but not amplify it. Answer: False Difficulty: Moderate Page: 20 3. Sometimes paying people for suggestions undermines creativity because it focuses their shift on extrinsic motivation. Answer: True Difficulty: Hard Page: 20 4. Though a gener...

Comp XM Practice Quiz If your team decides to introduce a new sensor product, when should capacity and automation be purchased? - One round prior to product release What is a market segment? - A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year - reliability Which one of the following is NOT one of the four product characteristics that R&D can set? - quality The promotion budget a...

Comp XM Practice Questions And Answers Graded A+ If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release What is a market segment? A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year reliability Which one of the following is NOT one of the four product characteristics that R&D can set? quality ...

What does your company manufacture? - ANSWER Sensors How was your company created? - ANSWER It was created when the government split a monopoly into identical competitors. What is FastTrack? What does it include? - ANSWER 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? - ANSWER It is a rating that can determine s...

Proformas - ANSWER projections for upcoming year Annual Reports - ANSWER results from the previous year Where do you enter departmental decisions? - ANSWER Foundation Spreadsheet 4 Main Company Departments - ANSWER 1. Research and Development 2. Marketing 3. Production 4. Finance (HR and TQM may also be used) Where is the Customer Survey Score located? - ANSWER in Foundations FastTrack What year does Foundation FastTrack report? - ANSWER reports "Last Year's Results" Res...

Comp XM Practice Questions And Answers Graded A+ If your team decides to introduce a new sensor product, when should capacity and automation be purchased? One round prior to product release What is a market segment? A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year reliability Which one of the following is NOT one of the four product characteristics that R&D can set? quality ...

If your team decides to introduce a new sensor product, when should capacity and automation be purchased? - One round prior to product release What is a market segment? - A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year - reliability Which one of the following is NOT one of the four product characteristics that R&D can set? - quality The promotion budget affects: - Awareness If you are m...

Capsim Simulation Review Final Exam with 100% correct answers To invent a new product, which simulation inputs must be provided? - answerName, Size, Performance, MTBF Buyer's Market - answerThe best time for consumers to buy; characterized by large supply, small demand, and low prices. Seller's Market - answerThe best time for producers to sell; characterized by large demand, small supply, and high prices Which inputs to the simulation affect the December Customer Survey score for a pr...