Capsim Test

Cost Leader with Product Lifecycle Focus

Centers on the High End, Traditional and Low End segments. The company will gain a competitive advantage by keeping R&D, production and material costs to a minimum, enabling it to compete on the basis of price. The Product Lifecycle Focus will allow the company to reap sales for many years on each new product introduced into the High End segment. Products will begin their lives in the High End, mature into Traditional and finish as Low End products.

1 year at least

In Capsim, what is the minimum amount of time that it takes to invest a new sensor?

have two products in the same segment

In order to achieve 100% accessibility, a team must:

Vendor/JIT

Investments produce reductions in material costs and administration costs.

reduce material cost and to a lesser degree labor costs

The CPI TQM initiative is intended to _______________________.

a direct one

The relationship between promotion and sales budgets and sensor sales is generally...

Benchmarking

Which of the following TQM initiatives is intended to reduce administrative overhead?

Inventory

Which of the following does not contribute to the monthly customer survey score? a. Age b. Inventory c. Awareness d. Price e. MTBF

Products will have an average design and high customer awareness.

Which of the following is NOT true for the broad differentiator strategy? a. Prices will be above average. b. Products will be present in every segment of the market. c. Products will have an average design and high customer awareness. d. The company will develop an R&D competency that keeps designs fresh and exciting. e. Capacity will be expanded as higher demand is generated.

Reduce labor costs

Which of the following is not an intended outcome of the UNEP Green Program TQM initiative? a. Increase the effectiveness of the sales budget b. Reduce waste c. Increased demand d. Reduce material costs e. Reduce labor costs

Five line per company

At the beginning of the simulation, how many assembly lines are there?

Differentiator with Product Lifecycle Focus

Concentrates on the High End, Traditional and Low End segments. The company will gain a competitive advantage with excellent design, high awareness, easy accessibility and new products. The company will develop an R&D competency that keeps designs fresh and exciting. Products will keep pace with the market, offering improved size and performance. The company will price above average and will expand capacity as it generates higher demand.

Niche Cost Leader (Low Technology)

Concentrates primarily on the Traditional and Low End segments of the market. The company will gain a competitive advantage by keeping R&D, production and material costs to a minimum, enabling the company to compete on the basis of price, which will be below average. Automation levels will be increased to improve margins and to offset second shift/overtime costs.

CPI Systems

Drives reductions in material costs.

Niche Differentiator (High Technology)

Focuses on the high technology segments (High End, Performance and Size). The company will gain a competitive advantage by distinguishing its products with an excellent design, high awareness, easy accessibility and new products. The company will develop an R&D competency that keeps designs fresh and exciting. Products will keep pace with the market, offering improved size and performance. The company will price above average and will expand capacity as it generates higher demand.

2 million

For each TQM initiative, investments over ___________________ in a single round, produces absolutely no additional benefit effective.

half the average cost of production

If you sell all of the capacity on a production line, inventory from that line is sold at....

Broad Cost Leader

Low-priced products for the industry: Our brands offer solid value. Our primary stakeholders are bondholders, customers, stockholders and management.

Broad Cost Leader

Maintains a presence in all segments of the market. The company will gain a competitive advantage by keeping R&D, production and material costs to a minimum, enabling the company to compete on the basis of price, which will be below average. Automation levels will be increased to improve margins and to offset second shift/overtime costs.

Broad Differentiator

Maintains a presence in every segment of the market. The company will gain a competitive advantage by distinguishing products with an excellent design, high awareness and easy accessibility. The company will develop an R&D competency that keeps designs fresh and exciting. Products keep pace with the market, offering improved size and performance. Prices will be above average. Capacity will be expanded as higher demand is generated.

Differentiator with a Product Lifecycle Focus

Premium products for mainstream customers: Our brands withstand the test of time. Our primary stakeholders are customers, stockholders, management and employees.

Niche Differentiator (High Technology)

Premium products for technology oriented customers: Our brands define the cutting edge. Our primary stakeholders are customers, stockholders, management and employees.

Broad Differentiator

Premium products for the industry: Our brands withstand the test of time. Our primary stakeholders are customers, stockholders, management and employees.

Quality Function Deployment Effort

Reduce R&D cycle time, the time required to move a product on the Perceptual Map, and they increase demand for the product.

Niche Cost Leader (Low Technology)

Reliable products for low technology customers: Our brands offer value. Our primary stakeholders are bondholders, stockholders, customers and management.

Cost Leader with Product Lifecycle Focus

Reliable products for mainstream customers: Our brands offer value. Our primary stakeholders are bondholders, stockholders, customersand management.

Increase plant utilization

Which of the following is not an objective of TQM? a. Reduce labor costs b. Reduced material cost c. Increase plant utilization d. Reduce administrative costs e. Increased demand for product line

Niche cost leader (high technology)

Which of the following is not one of the six basic strategies listed in the Capsim team member guide? a. None of the above b.Niche cost leader (high technology) c. Differentiator with product lifecycle focus d. Broad differentiator e. Cost leader with product lifecycle focus

Differentiator with product lifecycle focus

Which of the following strategies fits the mission statement: "Premium products for mainstream customers: our brands withstand the test of time. Our stakeholders are customers, stockholders, management and employees."?

Niche differentiator

Which of the following strategies fits the mission statement: "Premium products for technology oriented customers: Our brands define the cutting edge. Our stakeholders are customers, stockholders, management and employees."?

Cost leader with product lifecycle focus

Which of the following strategies fits the mission statement: "Reliable products for mainstream customers: Our brands offer value. Our stakeholders are bondholders, stockholders, customers and management."?

Differentiator with product lifecycle focus

Which of the following strategies is expected to gain a competitive advantage by distinguishing its products with an excellent design, high awareness, easy accessibility and new products?

Niche cost leader

Which of the following strategies will increase automation levels to improve margins and to offset second shift/overtime costs?

100%

Within the human resources module, the productivity index can never fall below _________.

GEMI TQEM Sustainability Initiatives

coalition of major corporations that share best practices on environment, health and safety issues. reduces material costs and provides some reduction in labor costs

$.50

each year a products price range falls by ____.

Channel Support Systems

improve distribution channels and lead to increased demand for your product.

Concurrent Engineering

lead to reduced R&D cycle time. That is, it reduces the time that projects take to move products on the Perceptual Map.

UNEP Green Programs

provides guidance to businesses, governments, and individuals on a Green Economy. These improvements reduce material costs and raise demand for your products because customers prefer companies that are environmentally friendly.

Benchmarking

reduce administration costs.

CCE/6 Sigma Training

reduce labor and material costs.

Quality Initiative Training

reductions in labor costs