CompXM Exam Latest Update With Verified Solutions

CompXM Exam Latest Update With Verified Solutions Pfmn new performance coordinate on the perceptual map; performance indicates how well your product performs (speed, sensitivity, etc.); the long term trend is towards higher performance; enter the performance specification you want your product to have when the project finishes; for existing products, the farther the move, the longer the time and the higher the cost; for new products, project length depends upon proximity to your existing products size new size coordinate on the perceptual map; size indicates the physical dimensions of the product; the long-term trend is towards smaller products; enter the size specification you want your product to have when the project finishes; for existing products, the farther the move, the longer the time and the higher the cost; for new products, project length depends upon proximity to your existing products MTBG new mean time before failure specification; MTBF predicts reliability; it indicates the average number of hours your product will operate before it fails; higher reliability implies higher material costs to build your product revision date the date the project will complete; until this date, the product is produced with the original specifications; after this date, the product is produced with the new specifications; any existing inventory at that time is reworked to the new specifications at no additional cost; tip: under the rules, a new project cannot begin until the old project finishes; all projects begin on January 1st; projects that finish in December are better than projects that finish in January because the December revision date will allow you to begin a new project almost immediately, while the January revision date will force you to wait until the next round age at revision the new perceived age of the design when the product emerges from R&D; moving a product on the perceptual map affects the age, but changing MTBF specifications does not; when the product moves, customers see the product as younger than the old design, but not entirely new; they cut the old age in half and behave as though the design is younger R&D cost the total cost of the project in thousands of dollars; the most you can spend in any year is $1 million; if the project costs more than $1 million, $1 million will be spent this year plus the remaining balance in future years price the price of your product this year; customers expect prices to fall within a reasonable range; for the expected ranges, visit the segment pages under reports promo budget promotion budget this year (in thousands); promotion drives customer awareness; the more customers that are aware of your product, the more likely they will choose your product; you can think of promotion as driving all interactions with customers before they begin to actively shop; awareness decays over time- you lose about 1/3 each year as customers forget the product; if your