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Exam #1 Capsim Questions and Answers
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Exam #1 Capsim Questions and Answers 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 ...

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  • December 23, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • exam 1 capsim questions and answers
  • what is a customer survey score it is a rating th
  • what is situation analysis it enables you to unde

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  • CAPSIM

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Exam #1 Capsim Questions and
Answers
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 sales
distribution.
(Higher scores = better sales)

What is Situation Analysis? - answer 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? - answer 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? - answer They are results from the
previous year.

They will help you analyze last year's results.

What is Foundation Spreadsheet? - answer It's the nerve center of your company
where you formulate and finalize management decisions for every department.

What are the four departments? - answer -R&D
-Marketing
-Production
-Finance

What is Research and Development? - answer 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? - answer They price and promote your products. Also
responsible for sale forecasts.

What is Production? - answer They determine how many units will be manufactured
during the year. They are also responsible for buying and selling production lines.

What is Finance? - answer Makes sure your company has financial resources (i.e.
bonds, stock issues)

Inter-Department Coordination: R&D + Marketing - answer Work together to make
sure products meet customer expectations.

Inter-Department Coordination: R&D + Production - answer 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 - answer Work together to
make sure manufacturing quantities are in line with forecasts.

Inter-Department Coordination: Marketing + Finance - answer Work together to
project revenues for each product and to set the Accounts Receivable policy.

Accounts Receivable Policy - answer The amount of time customers can take to pay
for their purchases.

Inter-Department Coordination: Finance and Production - answer Production tells
Finance if they need additional equipment.

What is a Decision Audit? How does it help you? - answer It is a complete trail of all
team decisions.

It helps you identify your decision making strengths and weaknesses.

Successful managers will: - answer -Analyze the market and its competing products.
-Create and execute a strategy.
-Coordinate company activities.

What does the Industry Conditions Report do? - answer It lists market segment sales
percentages and projected growth rates unique to your simulation.

What are the four basic buying criteria? - answer -Price
-Age
-MTBF
-Positioning

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