• 1. Management and the environment (8 points)

• When looking at measures such as sales, profit, share value and rounds played which year was the BEST for your golf club ? State why the chosen year was the BEST according to the measure you use.

• When looking at measures such as sales, profit, share value and rounds played which year was the WORST for your golf club ? State why the chosen year was the WORST according to the measure you use.

• In the simulation, was it possible to foresee changes in demand? Is it easier to do so in the real economy? Why ?

• If you had known the simulation scenario in advance, would that have changed your decisions? Would it have changed your results? Give one example of what you would have done differently.