Getting 955 points in COMP XM
These are Capsim-related exams that are taken by everyone. Because actions made during the Comp XM tests affect one’s result, caution should be exercised. Everyone wishes to achieve a high grade on these exams. The choices you make are the same ones you made in your order simulation. The Comp-XM Basix Industry Conditions Report, which can be found in the spreadsheet’s Reports menu, can assist you in reviewing existing client buying criteria as well as the current and future locations of market segments. Do you need assistance with the Comp exam? Don’t be concerned! We’ve got you covered!
You should also look through the Perceptual Map of the Comp-XM Basix industry bulletin, which can be found in the Exam Dashboard’s Information Resource area, to gain a fast summary of the positions of your items (the Andrews products that begin with the letter A) and your competitors’ products (their products start with the first letter of their company name).
The Human Resources and TQM (Total Quality Management)/Sustainability modules will be used in your Comp-XM Basix simulation if they were scheduled in your prior simulation. Product demand, R&D cycle times, productivity, material costs, labor costs, and administrative costs can all be influenced by decisions made in these modules. The Learning and Growth part of the Balanced Scorecard is driven by TQM and Human Resources. The Comp-XM Basix Help section has documentation for HR and TQM.
Costs of Positioning
Material costs are determined by product positioning. The better the technology, the higher the cost. MTBF (Mean Time Before Failure) adds $0.3 to the material cost for every 1,000 hours of reliability. The reliability expenses for a product with 20,000 hours of reliability are $0.30*20000/1000= $6.
At $3,000,000 for each product, marketing promotion expenditures begin to provide diminishing returns. Promotion raises product awareness. Every year, you lose a third of your old awareness. Your promotion budget recovers lost awareness and, if large enough, makes gain two wares completely visible. When a product achieves 100% awareness, a promotion budget of almost $1,400,000 is required to keep it going.
Budget for Sales Accessibility to the Budget purchase sector. Regardless of your budget per product, all product within the sector’s fine cut helps to segment accessibility. At a budget of $3,000,000 for each product, diminishing returns are achieved. The segment does not approach diminishing returns until $4,500,000. To get 100 percent accessibility, you’ll need at least two products in the fine cut of the section. Every year, you lose a third of your previous accessibility. Our sales budgets replace lost accessibility, and if the budgets are large enough, they can even help us achieve to 100% accessibility. When a section obtains 100% accessibility, sales budgets of around $3,300,000 are required to keep it running.
Sales budgets also account for the time salespeople spend marketing the goods. The more time the sales team devotes to the product, the greater the budget. If you want to stress one product above another within the same segment, this is a good option. For example, if you had a combined sales budget of $4,000,000, you might spend $3,000,000 on one product and $1,000,000 on the other. One product would be highlighted over the other by your salespeople.
Purchases of Production Plants
Each unit of capacity costs $6 in floor space. For each point of automation, add $4. At an automation rating of 10.0, additional capacity would cost $6.00 + ($4.00 * 10.0) = $46.00 per unit. Plants for Sale When you sell a plant, you get $0.65 for every dollar you put in. You may make a profit or a loss on the sale, depending on the plant’s depreciated value, which would reflect as a profit or loss on the income statement.
When a second shift is hired or the first shift works overtime, labor costs rise by 50%.
Increasing automation reduces labor expenses in a linear fashion. Labor expenses decline by about 10% for each point of automation between 1.0 (lowest) and 10.0 (highest).
Stock issuance are restricted to a maximum of 20% of the company’s outstanding shares. The stock will be offered at the same price as last year. To issue stock, you must pay a brokerage cost of 5%.
Current Debt These are bank notes that are valid for one year. Banks will lend up to 75 percent of your accounts receivable (found on last year’s balance sheet) and 50% of this year’s inventory for current debt. They look at last year’s income statement to forecast your inventory for the coming year. Banks estimate that your worst-case scenario will result in a three- to four-month inventory and will lend you up to half of that amount. This equates to around 15% of the combined value of total direct labor and total direct material on the income statement from the previous year. For current debt, there is no brokerage cost.
The interest rate on these 10-year notes is 1.4 percent higher than the current debt rate in the year they were issued. Bondholders are willing to lend up to 80% of the depreciated value of your fixed assets (your manufacturing lines). To issue bonds, you must pay a 5% brokerage fee.
Recruiting for Human Resources
Investing in hiring a higher-quality employee boosts productivity and lowers turnover, lowering labor and HR administration costs. Investing in recruitment has a cumulative effect. To hire greater talent, you can spend up to $5,000 per individual. The sum is added to the $1,000 automatic recruitment fee for each new employee.
Training Increases productivity and reduces attrition by investing in training. You can give each employee up to 80 hours of training per year, which boosts productivity. Each hour of instruction costs $20.00. Employees are replaced during training by other employees; hence the Needed Complement will rise as training hours rise. Investing in training has a cumulative effect.
Entries about Human Resources
The number of workers employed by the company is controlled by Workforce Complement. The spreadsheet will display a Needed Complement after the manufacturing schedules are finalized. Having 100% of the Required Complement ensures that the organization will have enough personnel.
Worker overtime is required when the percentage is less than 100%, which reduces the workforce’s efficiency. Because there will be insufficient labor to build the sensors, having much fewer people than necessary will result in serious production failures. Recruit Spend enables the organization to hire a higher-quality employee, increasing the workforce’s efficiency as assessed by the Productivity Index.
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