Comp XM Practice Quiz With Correct Answers

If your team decides to introduce a new sensor product, when should capacity and automation be purchased? - Answer One round prior to product release What is a market segment? - Answer A group of customers with similar purchasing concerns Age and ___________ are the only two positioning criteria that remain constant from year to year - Answer reliability Which one of the following is NOT one of the four product characteristics that R&D can set? - Answer quality The promotion budget affects: - Answer Awareness If you are marketing to High End customers, which criteria are most important to them in order of importance? - Answer Positioning, Age, MTBF, Price Which financial obligation is best satisfied with Current Debt? - Answer ? Which financial obligation is best satisfied with Bond Issues? - Answer Paying for increased production capacity The exact outcome of TQM efforts appear on the TQM Report, and as bar charts on the TQM spreadsheet. These results are for - Answer cumulative for the previous and all remaining rounds (assuming no additional investment is made) Increasing Training Hours in the HR Module tends to - Answer increase productivity What is the minimum amount of time that it takes to invent a new sensor? - Answer 1 year at least The Finance Department can use which of the following methods to acquire capital for company activities? - Answer Current Debt, Stock Issues, Bond Issues and Profits How can production lines double their capacity? - Answer Add a second shift How much do segment prices fall each year? - Answer $0.50 On the Income Statement, which of the following would be classified as a variable cost? - Answer Direct Labor Expense The length of R&D projects is driven by all of the following except: - Answer HR Training Investments Segments move gradually throughout the year, not just one big jump. - Answer True You can move an existing product into a new segment. - Answer True The difference between potential market share and actual market share is only due to your stockouts and not the stockouts of other companies. - Answer False