Promo and sales - Study guides, Class notes & Summaries

Capsim Simulation Review Final Exam Already Passed To invent a new product, which simulation inputs must be provided? Name, Size, Performance, MTBF Buyer's Market The best time for consumers to buy; characterized by large supply, small demand, and low prices. Seller's Market 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? Price, performance, size, MTBF, p...

What are the 3+1 stages of absorption costing? 1. Allocation 2. Apportionment 3. Absorption = Production Cost 4. Under/over = Non prod OH Why would you use Absorption Costing? Valuing Inventory Pricing Decisions Establishing profitability What are pros and cons of absorption and marginal costing? Absorption -Avoids varying profits if sales are seasonal -Consistent with accounting standards -Recognises Long Run variable costs -Implies OH related to production = Manipulate profit ...

ABC classification correct answers Process of classifying items in descending order based on annual dollar volume or some other criteria. The list is then split into 3 classes - A, B, and C. A represents 10-20% of items but 50-70% of dollar volume; B represents 20% of items and 20% of dollar volume; C represents 60-70% of items but 10-30% of dollar volume. This principle states that effort and money can be saved by applying looser controls to the low dollar volume items (C class) than the higher...

What customer segment(s) does your company sell your product to? - ANSWER Low tech and high tech Two expectations customers have that are part of the Customer Buying Criteria - ANSWER Positioning and price Two of the scoring methods you are measured on in the simulation - ANSWER Sales and contribution margin What decisions are made in the R&D department? - ANSWER Performance, size, and reliability What does promo budget determine? - ANSWER Customer Awareness, and your Sales Budget de...

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...

Comp XM Questions with Accurate Answers 2024 Baldwin's EBIT (Earnings Before Interest and Taxes) last year was $21,771,033. What was Baldwin's net profit? $11,174,773 (go to the Front Page of inquirer and look for Baldwin's EBIT) Your company expects profits to be close to $4,000,000. The Board has instructed you to increase retained earnings by approximately $2,000,000. What dividend amount, per share, will you pay this year. $0.97 (go to Page 2 of Inquirer. Note your company's sh...

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...

AT&T New Hire Test What are the first two qualities of the APEX job description? - Honesty and punctuality/dependability What are the Apex Top 20 Duties? Show where to find them. - Bathroom door, employee manual, RQ4 intranet, & clipboard Apex's goal is to be the ______ choice for customers. - best How much time is allowed for Facebook, personal email, etc? - none What are the three things we use to track store/personal performance? - scoreboards, team tracking, & CKC report, ...

Comp XM Questions And Answers Latest Update Graded A+ High Tech R&D Update every round TQM 1 million each category Automation Buy as high as possible for Low Tech High Tech under 4.0 automation promo and sales invest 2000 each round, never go lower than 1400 Human Resources 5,000 in spending 80 hours of training Performance and Size Always have 19.7 Low tech: Size-Down .5% Performance- Up .5% High Tech: Size down .7% Performance up .7% Long Term debt Use...

Foundation fast track - Answer an industry report that has key info about your company and your competitors proformas - Answer projections of the upcoming year annual reports - Answer results from the previous year What do you use to help identify strengths and weaknesses of the company? - Answer proformas and annual reports areas of the company - Answer research and development, marketing, production, finance products physical characteristics - Answer size, performanc...