Simulation Knowledge Check

In the Price Willing to Pay survey, the prices shown for a particular segment represent the $...$ customers will be willing to pay for a product that meets their needs

Exact amount

Minimum

Average

Maximum

What is a typical rebate range?

$0-25$

$25-50$

$50-100$

$100-150$

As you hire sales and service$/$support people, do you have to train them in a specific segment?

Yes

No

In the simulation, how can overtime pay be useful for the business?

It can reduce the number of salespeople needed in sales outlets.

It can increase the job satisfaction of the workforce.

It can increase operating capacity if demand exceeds projections.

It can reduce production cost per unit for the bikes