COMPXM answers 2024
COMPXM is an exam that is done after completing the 2024 capsim competition rounds. It has two sections, i.e., decision making and board query questio...
COMPXM is an exam that is done after completing the 2024 capsim competition rounds. It has two sections, i.e.,decision making and board query question.There is no defined way fordecision-making in comp-XM. However, you need to understand your competitors’strategies. You must also be very careful when making decisions concerningforecasting, research, and development as wellas marketing and promotion.Forecasting is one ofthe most important departments, and any error in this section may lead tofinancial issues such as emergency loans, too much stock, and stock out.For the board queryquestion, we have answered all the past questions that we covered. Kindlyclick hereto get2023 compxm board query questions answers.The purpose of thisarticle is to guide you to get the right 2024 COMP XM answers for thedecision-making section.
Choose COMPXM strategy
I usually goforbroad differentiationbecause it is more flexible. As the gameprogresses, you can change it toahybrid of broad differentiationorsomething likeadifferentiator with the product life cycle.In this case, I mean makingadjustments, like lowering the price to less than the industrial average,moving a product from nano to core market segment, etc., compared to 2023,compxm 2024 answers have slight variation. Over the coming months, morevariation might occurs. Therefore, don’t use this guide blindly.
Kindly followthese compxm tips the way they are arranged while making decisions to avoidconfusion.
Comp-XM 2024 Round 1 answers
Research and development
| Segment | Performance (from round 0 report) | Performance (Your decision) | size(from round 0 report) | Size (Your decision) | MTBF (Your decision) |
| Thrift Adam | 5.8 | +0.4 | 14.2 | -0.4 | Maintain available |
| Core Aft | 8.2 | +1.0 | 11.8 | -1.0 | Maintain available |
| Nano Able | 10.8 | +1.0 | 7.2 | -1.2 | Maintain available |
| Elite Acre | 13.2 | +1.2 | 9.2 | -1.0 | Maintain available |
| Nano Abby | 12.8 | 5.3 | 24000 | ||
| Elite Anum | 15.5 | 7.0 | 26000 | ||
| Crossover Ana | 10.0 | 9.0 | 22000 |
The next round position reported on theprevious round report is not the same since it depends on the competitors’position each round. Therefore, when you receive round 0 report, make theadjustments suggested above to differentiate your products.
Introduce newproducts in nano, crossover, and elite segments.
Ensure all newproducts are released to the market by the latest August 30th next year (round2).
Make sure thenames of new products starts with “A” since this is compxm Andrews company
IMPORTANT!!!
If any decisionresults in a revision date more thanOctober 10th the same year (round 1 year), adjust size and position to reduce revisiondate (for example, you can increase the size by 0.2 and reduce performance by0.2 and keep adjusting until you get revision data less than September 30thofthe current year)
Marketing and promotion compxm 2021 answers
| Segment | Top Competitor price | Price | Top Competitor promo budget | Promotion budget | Top Competitor marketing budget | Marketing budget |
| Thrift | $19 | +$1 | 1200 | +200 | 1500 | +500 |
| Core | $22 | +$1 | 1200 | +200 | 1500 | +500 |
| Nano | $38 | +$3 | 1200 | +200 | 1500 | +500 |
| Elite | $40 | +$4 | 1200 | +200 | 1500 | +500 |
Ensure that you spent the highest for both promotion and marketingto get the highest awareness and accessibility.
IMPORTANT!!!
In case you havecustomer awareness, more than 82% (on any product) do not spend more than 1400on the promotion budget.
When you attain 100% in awareness pergiven product, spent only 1400 to maintain that position.
Also, note thatspending more than 3000 in marketing for a product in a given segment does notbring about additional advantage unless you havemore than 1 product in that segment.
COMP XM TQM decision 2024
Tqm is a group of strategies that willhelp you reduce research and development cycle time, material cost, labor cost,and increase your demand. Ensure that you spent oneach element a total of 1000 in round 1.It will cost you a total of 10,000, but it will bringyou an additional advantage.
COMPXM Production decision 2021
| Thrift Adam | Forecast | Production | Capacity change | Automation change |
| Core Aft | =last unit sold*(1+next year segment growth rate)+300 | =last unit sold*(1+next year segment growth rate)+350-inventory | If capacity utilization is more than 150% add 150 | Add 2 units |
| Nano Able | =last unit sold*(1+next year segment growth rate)+150 | =last unit sold*(1+next year segment growth rate)+200-inventory | If capacity utilization is more than 150% add 100 | Add 1 unit |
| Elite Acre | =last unit sold*(1+next year segment growth rate)+150 | =last unit sold*(1+next year segment growth rate)+200-inventory | If capacity utilization is more than 150% add 100 | Add 1 unit |
| Thrift Adam | =last unit sold*(1+next year segment growth rate)+200 | =last unit sold*(1+next year segment growth rate)+250-inventory | If capacity utilization is more than 150% add 150 | Add 3 units |
COMP-XM exam human resource answers 2024
To reduceturnover, it is good to allocate 80 hours for training. It is also good tospend $5000 in recruitment to get qualified personnel in your workforce. Theresult of this is an increase in the productivity index. A high productivityindex increases savings.
COMP XM exam 2024 Finance Decisions
Start by checkingthe balanced scorecard, especially days of working capital and leverage.Leverage account for 6.0 points and days of working capital 4.0.
Days of workingcapital can be too high or too low. The recommended value is between30 and 90. To increase days of working capital incapsim exam, you can issue long-term debt and stock or selling capacity. inother words, you need to increase current assets. To reduce working capital,you do the opposite, like retiring bond and stock, buy capacity, issueshort-term debt, and issuing dividends. This is the same as reducing currentassets or increase current liability.
Leverage isincreased by issuing bonds, short-term debt, reducing retained earnings andequity.
The financialdecision should bemade last andshould be done with balance in mind. Issuing stock is known to dilute stock prices. Therefore, any financialdecision should be checked against a balanced scorecard to ensure that pointsare increased each time rather than lost.
When making a financialdecision, check the cash balance as of 31stof the same year.It is usually the last item on the compxm financial decision-making page. Makesure the ending balance is not less than $3000. This will help to cover in caseof high inventory.
Conclusion
Compxm exam 2024 keeps on changing, so ensure you exercise care while using the above Compxmanswers templates. In case you have any questions or difficulties makingdecisions for compxm decision or solving board query questions, kindly contact us,and we will get back to you as soon as possible with the correct compxm answers2024.
Still, need more help? Kindly staytuned for comp xm 2024 round 2 answers
Additional tips
COMPXM tips to earn highest points in COMP XM exam-capsim login
