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CAPSIM SIMULATION REVIEW EXAM
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CAPSIM SIMULATION REVIEW EXAM...
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CAPSIM SIMULATION REVIEW EXAMWhich simulation inputs are necessary to create a new product? Name, Size,
Performance, and MTBF of the answer
The Buyer's Market: ANSWER When prices are low, there is a large supply and
little demand, making it the ideal time for people to buy.
Buyer's Market - ANSWER The ideal period for producers to sell; marked by
high pricing, little supply, and high demand
Which simulation inputs have an impact on a product's December Customer
Survey score? - ANSWER Cost, effectiveness, dimensions, MTBF, advertising
budget, sales budget, and AR policy
Which one of the following is not an input but nonetheless influences the
December customer survey score? Age of Answer
How can the quantity generated be ascertained using the Production Report?
ANSWER production is equal to capacity * plant utilisation.
What motivates someone to create a new product? - ANSWER Gain more
market share and steal market share from your rivals
Why is creating a new product for the high-tech market a smart idea? -
ANSWER The product age is initially set at 0, which is optimal.
Describe "everything you know" regarding the promotional budget. Promo
funds are allocated for advertisements, discounts, and other forms of
"awareness" campaigns; they must be continuously supported to prevent
consumers from forgetting about the product.
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