Questions and Answers 100% Pass
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, promo budget, sales budget, AR Policy
What one factor affects the December customer Survey score, but is not an input? -
✔✔Age
How can a person use the Production Report to determine the number of units
produced? - ✔✔capacity * plant utilization = production
What is the main reason for inventing a new product? - ✔✔Increase your market share;
takes market share away from your competitors
Why is it good to invent a new product for the high tech segment? - ✔✔The product age
starts off at 0, which is ideal
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