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We have a team of experienced tutors and assignment writers drawn from the UK, UAE, Canada, USA, Australia, and many others. We have writers who are highly qualified in Capsim and as such by taking our services, you are assured a top grade. Our mission is to reduce the pressure on you by enabling you to work on other academic projects as we handle your Capsim homework assignments. In practice Round 1 of the Capsim simulation, target or invent a new product in the Low-End segment in order to double sales and profit from Round 4 to 8. By Keeping R&D, production, and raw material costs low while increasing automation levels, the strategy enables the product to compete based on price. According to Capsim 2016, the aim is to create a competitive advantage in the market by offering enhanced product size and performance at below-average prices for cost-conscious customers.
I started using the Capsim Foundation Challenge in my classes because it is one of the most popular business simulations in the world, with more than 900 universities participating. It is a key activity of Strategic Management (BPS 4305), the course in which you get to run a company. You get to practice making executive decisions regarding accounting, finance, research, design, and more. Many activities mimic real-life situations and revolve around designing products, pricing them, and finding the perfect marketing strategy to sell them.
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How to decrease the chance of needing emergency loans? Use forecasting and manage your cash. Plan to have some left-over cash ($5M to- $8M) because you never know exactly how much you will sell. Set the R&D upgrades properly and plan for new products to come out within the next year, so the new product does not miss out on significant sales. Also note that for revisions, the product will sell with the old parameters until the update takes place —so pricing can be tricky. There are many other aspects to take into consideration. I hope that this guide helps you clear up some things and that you can begin the simulation on a positive track.