Exam (elaborations)
CAPSIM SIMULATION REVIEW EXAM
- Course
- Institution
CAPSIM SIMULATION REVIEW EXAM...
[Show more]
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller luzlinkuz. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81298 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now