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BSG FINAL EXAM: Optimizing Production and Pricing Strategies, Exams of Nursing

A solution guide for a final exam in a business simulation game (bsg). It covers various strategies and decisions that a company can make to optimize its production, pricing, and competitive positioning in the branded footwear market. Topics such as analyzing performance data, modifying strategies to achieve competitive advantages, boosting labor productivity, reducing production costs, and differentiating a company's branded footwear offerings. The solutions provided in the document suggest ways for the company to make informed decisions to improve its financial and operational performance in the face of a crowded and fiercely competitive global footwear market.

Typology: Exams

2023/2024

Available from 10/27/2024

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BSG FINAL EXAM

ACTUAL

SOLUTION GUIDE

The managerial value of regularly consulting the data ain the Y-Y report highlights has to do with the data provided being the quickest and best way to - answer ✅✅review the caliber of the operating results and key performance outcomes achieved in all four geographic regions for all years completed

to date so these corrective actions can be taken in upcoming decision rounds. In which one of the following situations does it make the most sense for a company to consider modifying its strategy to achieve a competitive advantage over rivals based on high S/Q ratings that is marketed at well above average prices? - answer ✅✅when the company is struggling to achieve the sales volumes needed to meet or beat the five investors expected performance targets because the global marketplace for branded footwear is crowded with companies locked in a fiercely competitive battle to sell branded footwear with high S/Q ratings. In which one of the following situations does it make the most sense for a company to consider modifying its strategy to achieve a competitive advantage over rivals based on high S/Q ratings that is marketed at well above average prices? - answer ✅✅when the company is struggling to achieve the sales volumes needed to meet or beat the five investors expected performance targets because the global marketplace for branded footwear is crowded with companies locked in a

fiercely competitive battle to sell branded footwear with high S/Q ratings. Which one of the following actions is least likely to boost labor productivity by a sufficient amount to lower labor costs per pair produced at a particular plant? - answer ✅✅actions to boost total compensation per production worker to an amount that not only is the highest in each region where the company has production operations but also is at least $10000 above the industry average in those regions. Which one of the following is not an effective or attractively profitable way to try to reduce total production costs per pair at a particular production facility? - answer ✅✅cutting expenditures for Six Sigma /TGM programs from $1.00 per pair to $0. per pair If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost advantage over rivals because the company's actions to cut costs cannot be detected by rivals from the information in either the FIR or the Comparative efforts section, they

should - answer ✅✅all possible means of boosting worker productivity in ways that lower labor costs per pair produced. Flawed ways to pursue competitive efforts that will successfully differentiate a company's branded footwear from the branded offering of rival companies include - answer ✅✅overspending on competitive efforts to differentiate the company's footwear sot that the prices the company has to charge to cover costs per pair sold in the Internet and Wholesale segments are "too far above" them being charged by other rivals to capture a profitable volume of sales. Which one of the following is a way to improve S/Q rating of branded pairs produced at a particulate production facility? - answer ✅✅increasing expenditures for best practices training for workers If a managers want to boost a company's credit rating then they need to take actions that will result in - answer ✅✅a higher company's interest coverage ratio, decline in the company's debt to asset ratio and increase in default risk ratio

The production benchmark data on pg. 6 of each year's issue of the FIR - answer ✅✅provide valuable feedback to company managers regarding the efficiency with they are managing production labor costs and reject rates at each production facility. A companies management team should seriously consider bidding for a private label footwear contract in a particular geographic region when - answer ✅✅the company projects that it will have ample production capacity to supply chain retailers with private label footwear and the private label operating benchmark data on pg. 7 of the latest FIR should that the industry average margin over direct costs was $3.45 per pair sold in that particular region. Which one of the following is NOT an effective way to attract buyers by differentiating a company's branded footwear offering from the brands of rivals? - answer ✅✅compensate production workers and supervisors at levels that exceed all other companies in those geographic regions where the company has production facilities and thereby boost the company's image as a great place to work.

my venmo is kadia-nelson - answer ✅✅:)