Capsim Simulation Review Final Exam with 100% correct answers

Capsim Simulation Review Final Exam with 100% correct answers To invent a new product, which simulation inputs must be provided? - answerName, Size, Performance, MTBF Buyer's Market - answerThe best time for consumers to buy; characterized by large supply, small demand, and low prices. Seller's Market - answerThe 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? - answerPrice, performance, size, MTBF, promo budget, sales budget, AR Policy What one factor affects the December customer Survey score, but is not an input? - answerAge How can a person use the Production Report to determine the number of units produced? - answercapacity * plant utilization = production What is the main reason for inventing a new product? - answerIncrease your market share; takes market share away from your competitor