After finishing the chapter 9 simulations the key concept I learned was the target market, and how to price the products. Company should identify the which group of customer that they want to target for the particular product and how much customer are will to pay for that product. In the simulations they give one example about the bags. Company raised the price on the bags because of the high quality of product and it provides additional benefits for the customer. I would suggest other to research about the customer need and wants before deciding for the price. If customer doesn’t need your product then it is not great idea to put those product in their
Abstract— In the last decades, the different IPs were developed and integrated within single chip. The designers were getting lot of issues to verify the chips due to cumbersome of all modules in the IPs. To overcome from such issues, the new technology has been developed. The designer started to develop each module in IP design file. Once it is verified then all modules were combined in single IP and integrated in the chip. Then designer was uploading all IP in a single chip. So the designer can avoid unexpected outputs from the chip. One important problem in the vlsi design is, designer could not be able to find the board level errors in the simulation analysis. The simulator is installed in the computer so that, computer supports all type
We have created a network with the campus area of 500X500square meters taking 20 numbers of ad hoc nodes forming a network, the transmission range 200m. The network is simulated using high capacity processor and the OPNET and MATLAB7 platform. Such a simulated result is shown in Fig.1.
This is a stimulation review of a cardiac care unit that is facing working capital shortages. As the lead financial consultant brought into address the financial indicators and evaluate to bring working capital back to in order at the Elijah Heart Center (EHC). The other financial analyst will focused around addressing issues as they relate to this particular cardiac care unit; what funding can be acquired to garner medical equipment; what funds can be used for capital expansion; finally a summation of findings and a conclusion of what the overall stimulation showed, in regards to how through the analyst were.
The Supply and Demand Simulation consist of microeconomics and macroeconomics concepts. The concepts are explained and how they apply to the principle of microeconomics and macroeconomics. The simulations presents shifts in the supply and demand curve, the rationale for the shift is given. Each shift is analyzed showing the effects of the equilibrium price, quantity, and decision making for the company presented. An explanation of the price elasticity affects the pricing strategy for consumers and company.
Throughout the weeks our team has recognized the effects and methods to managing the system development within our bookstore. It’s true that the bookstore has endured growing pains of ways to better secure their information as well as the sensitive information of their customers. Our team has analyzed better ways to conduct our business as well as the processing methods that will be improved to meet our needs. By examining our business process we had to identify the functions that were causing problems or raising cost, rising risks or basically wasting time.
We intended to buy the Baja Peninsula from Mexico, and give it to the Native tribes, and let them live there however they wished. However, as the only views we saw, as the US were our own, and we were not aware that Mexico could not afford to give us land, and the Apache wanted to stay in southern Arizona with their primary food
The strategy I chose for the simulation is “Niche Cost Leader." First, with the key focus being value, this strategy will challenge me to keep costs at a minimum and force me to streamline overall costs to produce a valuable commodity that, in turn, will generate financial success that can be shared with internal and external stakeholders. Second, as the success of this strategy primarily relies on the existing product line being prosperous, I will be able to practice and hone my forecasting skills based on one product. Though I eventually will produce more than one product, most of the simulation will be conducting under making the primary product as successful as it can be, and reliable forecasts are
Sometimes failure can really be the best teacher. This was the case with the Lakeview Regional Hospital Simulation Exercise. During the simulation, I learned a lot about working with a team, knowing when to stand firm and when to compromise. I have been a part of plenty of projects, but sometimes I can be a little lost when it comes to the healthcare aspects of things. It was during these times that I looked to my teammates to assist with filling in some valuable blanks about the healthcare environment. I do have a lot of experience with introducing technology, training and media relations. It was during these parts of the simulation that I could really lend a helping hand. The simulation illustrated the importance of buy-in amongst the implementation team as well as other members of the entire organizations. It showed that there will always be some inherent resistance, but that doesn’t mean that change is impossible as long as there is some flexibility.
to convince him to invest the same amount in convertible debt or preferred stock where he can choose to
Use the Confidential Information with the financial data and valuation tools in the Simulation to
We were four in our group and we were given a scenario of a patient who was having an anaphylactic reaction from bee sting venom. The group agreed that I will be the primary nurse. As the primary nurse, I knew that I had to lead and supervised our group in responding to the emergency situation at hand. Having played the role of a primary nurse in this simulation, I have gained meaningful experience, which I can use in my future nursing practice.
Since quarter one was the first quarter of this simulation, I was unaware of how difficult it was going to be to make all the different decisions. Firstly, I had to choose a Company name. Because I was selling computers, I thought that the name “Dev-Tech” was a perfect fit being that this simulation was about development and technology. Next, I had to choose a target segment. I knew going into this simulation that it would be better to invest in the more expensive goods as it would benefit me in the end. The segment that didn’t care about price was Mercedes, so that is the segment that I made my first priority.
Over the past three weeks in the University of Phoenix Marketing Management class, I have completed three simulations based on real life marketing situations. The first simulation was titled, "Forecasting Market Demand." This simulation discussed the importance of determining the future demand for your product in the voice commanded software industry. The marketing team for the new Listensoft software needed to accurately forecast the production capacity of the new product and the pricing strategy. This task is especially difficult because human behavior is difficult to predict. Forecasting behavior " is about generating numbers out of expectations, opinions, statements, prior patterns and a host of other subjective elements" (Forecasting
"What I hear, I forget; what I see, I remember; what I do, I understand."
Since the company 's target market is students with low savings level. Student lifstyle bags will be priced at Php 999 instead of Php 1,000, to create "less" in consumer 's mind. Students perceived prices exceeding the amount of Php 1,000 as expensive. So, the company will position the item price in such a way that it will not be too expensive for its primary market but still profitable for the company.