Premium Essay

Jct Task 2

In: Business and Management

Submitted By Ashleyw2030
Words 1065
Pages 5
A1. Explain how you determined your product design decisions in the simulation
The market research provided was very beneficial in determining product designs in the simulation. Each customer had wants and needs. I took those needs based on importance to the customer and used that to create the ideal product for them. I tried to create names for the products based on the type of computer that each customer was looking for. For example, Mercedes wanted overall a Fast and Powerful computer so I decided to name it Zeus to show that it was the most powerful computer available. The top computer requirements for Mercedes were fast and powerful, engineering oriented, ability to link with other computers, easy on the eyes, and service and support. Price was not an issue for this customer. For Mercedes, I chose to create a top of the line computer. I selected the highest performance power, the best engineering software, the best network connection available, a bigger monitor, as well as all other feature requested. Throughout the simulation, I upgraded the products to ensure that Mercedes always had the newest technology available to them. My goals were to be the technology leader while providing the most reliable product on the market. The top requirements for Workhorse were ease of use, low price, office applications, service and support, network connections, and fun to use. Since price was a high priority, I tried to develop a computer that would be efficient and affordable. I chose standard designs with the smaller monitor, high performing power, office software, and a good network connection. I wanted to maintain my goal by offering them leading technology while remaining reliable at a lower price. As upgrades to existing products were available, I chose to make them to ensure that they still had the best computer on the market for the price.
A2. Discuss whether you...

Similar Documents

Free Essay

Jct 2 - Task 1

...Supply Chain – JCT2 Task 1 Roy C. Vasel Student ID 000298533 Business Simulation for OutFront Computers A. Business financial documents from simulation | | |Cumulative industry results for last four quarters ending in quarter: 4 | |  |Minimum |Maximum |Average |OutFront Computers | |Financial Performance |-47.33 |171.31 |1.98 |44.29 | |Market Performance |0.00 |0.60 |0.03 |0.58 | |Marketing Effectiveness |0.00 |0.81 |0.05 |0.75 | |Investment in Future |0.00 |38.98 |0.17 |1.39 | |Wealth |-0.57 |4.26 |0.11 |1.74 | |Human Resource Management |0.00 |0.82 |0.06 |0.78 | |Asset Management |0.00 |2.10 ...

Words: 3347 - Pages: 14

Premium Essay

Jct 2 Task 1

...Part A Below are the final cumulative balanced scorecard ending with Quarter 4, the income statement from the Quarter 5, and the balance sheet from Quarter 5. Part B B1 Budgets and Pro-Forma Statements In this section we will be discussing the use of budgets and pro-forma statements and their effectiveness in planning for the following quarter’s expenses. It will be important for any company to analyze the information provided from these forms in order to run a successful business. 1. Budget Evaluation It was extremely important to use budget and pro-forma statements in planning and funding the projected capacity to achieve my business goals. After the reviewing the pro-forma statements I was able to evaluate and decide that I needed to increase plant capacity in order to increase my inventory. I did not have enough supply to meet my demand. I was concerned about keeping production costs to a minimum but in doing so I was not able to produce enough units. After the first quarter I realized my target market wanted a good product for a great price so my strategy was to be the low cost leader. By reviewing the pro-forma statements, I made the decision to lower prices, increase capacity, and increase staffing. By making those changes I was able to increase my production and maximize my profits. Reviewing these statements were very influential in the success and growth of the business. Below are the statements I used to calculate my decisions and grow a......

Words: 925 - Pages: 4

Premium Essay

Wgu Jct Task 2

...A1The first thing I did when making my initial decisions regarding computer brands was to look at the summary of customers’ needs provided in the simulation. There were three market segments covered by the simulation: Mercedes, Workhorse, and Traveler. My first decision was to determine which market segments I wanted to market to. I decided to focus on the Mercedes and Workhorse segments as it seemed to me that those markets would have higher sales volumes than the Traveler market. I felt that I could focus on Mercedes as the high end model and market it to higher income customers, while the Workhorse would be an everyday model that the average consumer could afford. The simulation indicated that a score of 110 or higher meant that a need was very important to that segment of the market. The Mercedes segment indicated the following needs: engineering applications; fast and powerful; can link with other computers; and easy on the eyes. The Workhorse segments indicated these needs: office applications; after-sales service and support; easy to use; and low price. I decided to name my brand ‘The Elite’ to make it sound like a top brand during advertising. I named the model I created for the Mercedes segment ‘The Premiere’, and the model for the Workhorse segment was named ‘The Student’. I wanted the names to suggest the product and sales prices hoping that The Premiere would appeal to the higher incomes customers, while The Student would be advertised as affordable, dependable,......

Words: 1180 - Pages: 5

Premium Essay

Jct 2 Supply Chain Task 1

...JCT 2 Supply Chain Task 1 During the course of this simulation, I tried to make conservative decisions that would be the most profitable for me and for my shareholders. I started by selecting a simple name for the company that could be easily promoted and would be become dated. As stated in the mission statement, my company’s goal was always to deliver the latest in computer technology to my customers. One of the ways that I was able to do this was research. I paid close attention to the research into what the market wanted in their computers. Not only did I pay close attention to the needs of the customers, but I was also receptive to the prices they were willing to pay. Since manufacturing and office based companies were willing to pay more, I selected those two market targets, Workhorse and Mercedes, and choose to ignore the Traveler. In the first quarter, money was not abundant, so I made the choice to offer a small compensation package for my employees. During the first quarter, my employees received only one week of vacation. They were given expanded coverage insurance and I contributed a small 5% to their pension. I realize that my compensation was not as good as my competitors. This is one of many problems that I corrected in later quarters. I had the opportunity to open two sales offices. I decided that I needed to have one sales office in the United States, so opening the office in New York was an easy decision. The other location for my sales......

Words: 2074 - Pages: 9

Premium Essay


...JCT 2 Task 1 Heidi Dyer A. The following files have been submitted as attachments: · Fourth Quarter Cumulative Balanced Scorecard · Income Statements for the 4 quarters · Balance Sheets for the 4 quarters B. 1. A budget is an itemization of estimated or known expenses for a given time period. Pro-forma Statements are forecasted income statements, statements of cash flow, and balance sheets for the following term. They are based on expected revenues and costs. It is a good idea to pay close attention to the figures in these statements, although they are not based on fact, they do provide helpful advice if used in conjunction with previous quarter financials and the allocated budget. The budget and pro-forma statements are used to plan production costs. I tried to keep costs at a minimum for the first and second quarter planning. I opened only 2 offices, advertised sparsely, and hired a minimum of sales people. However I underestimated sales and though I had cash left for the next terms, I did not have enough inventories to cover the demand. For the third quarter I spent more than I had previously and squandered a great deal of the capital I had built up from the second quarter, suffering a significant financial loss. I did not pay attention to the pro-forma statements and did not think about the budget. My lack of planning showed at the end of that quarter and I learned a valuable lesson. If this had been a real company and not just a simulation, I......

Words: 1310 - Pages: 6

Premium Essay

Simulation Analyzed

...JCT Task 2 A. Simulation Analysis A1. Brand Design Decisions TMC brand shows a very satisfactory rating from the customers above the competitors. They felt that the company brand quality, credibility and superiority were above others. In the world market TMC fell in the top percentile for a satisfactory rating. TMC used an independent, international, product-rating service that performs objective evaluations of new products across a host of businesses and consumer industries. In quarter one The Office computer was design with the base components as well as office software and spreadsheets built in. Multimedia accessories were added; a standard keyboard was added, with a 17’ monitor, this computer also came with a standard network connection, with high performance. The customers wanted an easy to use PC for office workers, as well as a moderate price. The Travelers Zone which was also design in quarter one for people on the road came with the base components, which includes word and a spreadsheet program, multimedia accessory for travelers, internet connections, keyboard with hot keys, and had a slim, rugged, portable design. In quarter two TMC created brands for Traveler and Workhorse because we felt that concentrating on two areas would be the right thing to do. By focusing our attention on Travelers and Workhorse needs in a computer would give us an edge over our competitors. New York and Paris were selected because of their market sizes. In......

Words: 1244 - Pages: 5

Premium Essay

Jct2 Task 2

...JCT 2 Task 3 Having been retained by a group of investors who plan to manufacture and market a line of power hand tools to guide their decisions around the supply-chain, the first order of business would be to recommend adoption of an overall supply-chain strategy. There are many different strategies to choose from. One such strategy would be to use the Many Suppliers strategy where “a supplier responds to the demands and specifications of a ‘request for quotation’, with the order usually going to the low bidder” (Heizer, J. & Render, B. 2010, p. 425). This strategy forces the suppliers into competition with one another and is not very conducive to forming long-term partnerships. Another is the Few Suppliers strategy where the goal is to form long-term relationships with suppliers. “Long-term suppliers are more likely to understand the broad objectives of the procuring firm and the end customer” (Heizer, J. & Render, B. 2010, p. 425). The potential downside for this strategy is huge cost for changing suppliers if necessary and the purchaser also has to worry about supplier performance. The strategy I would recommend for the power tool company would be the Vertical Integration strategy. The goal in using this strategy would be to ‘develop the ability to produce goods or services previously purchased or to actually buy a supplier or a distributor’ (Heizer, J. & Render, B. 2010, p. 426). Vertical Integration can also offer different strategic......

Words: 3296 - Pages: 14

Premium Essay

Garment Industry Analysis

...1. Introduction 1.1 Indian Textile Industry India is a traditional textile-producing country with textiles in general, and cotton in particular, being major industries for the country. India is among the world’s top producers of yarns and fabrics, and the export quality of its products is ever increasing. Textile Industry is one of the largest and oldest industries in India. Textile Industry in India is a self-reliant and independent industry and has great diversification and versatility. The textile industry can be broadly classified into two categories, the organized mill sector and the unorganized decentralized sector. The organized sector of the textile industry represents the mills. It could be a spinning mill or a composite mill. Composite mill is one where the spinning, weaving and processing facilities are carried out under one roof. The decentralized sector is engaged mainly in the weaving activity, which makes it heavily dependent on the organized sector for their yarn requirements. This decentralized sector is comprised of the three major segments viz., powerloom, handloom and hosiery. In addition to the above, there are readymade garments, khadi as well as carpet manufacturing units in the decentralized sector. The Indian Textile Industry has an overwhelming presence in the economic life of the country. It is the second largest textile industry in the world after China. Apart from providing one of the basic necessities of life i.e. cloth, the textile......

Words: 9221 - Pages: 37

Free Essay

First Paper

...Oracle® Trading Community Architecture Reference Guide Release 12.1 Part No. E13569-04 August 2010 Oracle Trading Community Architecture Reference Guide, Release 12.1 Part No. E13569-04 Copyright © 2003, 2010, Oracle and/or its affiliates. All rights reserved. Primary Author:     Ashita Mathur Contributor:     Ajai Singh, Amy Wu, Anish Stephen Avinash Jha, Harikrishnan Radhakrishnan, Leela Krishna, Nishant Singhai, Ramanasudhir Gokavarapu, Shankar Bharadwaj Oracle is a registered trademark of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners. This software and related documentation are provided under a license agreement containing restrictions on use and disclosure and are protected by intellectual property laws. Except as expressly permitted in your license agreement or allowed by law, you may not use, copy, reproduce, translate, broadcast, modify, license, transmit, distribute, exhibit, perform, publish or display any part, in any form, or by any means. Reverse engineering, disassembly, or decompilation of this software, unless required by law for interoperability, is prohibited. The information contained herein is subject to change without notice and is not warranted to be error-free. If you find any errors, please report them to us in writing. If this software or related documentation is delivered to the U.S. Government or anyone licensing it on behalf of the U.S. Government, the following notice is applicable: U.S...

Words: 64557 - Pages: 259

Premium Essay

Research Proposal

...Introduction To Microsoft Access Objects - Controlling The User's Input - Relationships - Subdatasheets - Forms Design Overview - Exploring And Analyzing Data - Query Design And Exploration - Forms Properties - Calculated Fields - Advanced Queries - Exploring Forms Controls - Designing And Improving A Report - Importing From And Exporting Data To Other Applications - Macros - Switchboard - Introduction to VBA - Shortcuts - A Complete Database Created With The Keyboard - Introduction To A Microsoft Access Database 1 - Introduction: A database is a collection of information organized as to make it easy to view it, search it, retrieve the right detail, and collect the necessary facts in an easier, timely, and effortless manner as possible. 2 - Relational Database: (1 of 95) [2000/11/04 09:42:31 AM] Microsoft Access Tutorial - FunctionX An organized database is composed of inter-related parts. Since you define these parts, you also organize them in a manner that helps some parts of your database to supply specific information to others. In one part, you would cover one category of data, such as people's personal information (name, date of birth, salary, hobbies, etc), in another you would cover what they buy in a store. 3 - Microsoft Access: Microsoft Access is a relational database used on desktop computers to manage information on different levels for different purposes. Microsoft Access can be used for......

Words: 34096 - Pages: 137

Premium Essay

Business Law Notes

...Statutory Interpretation (not examinable) • Literal Rule There are three (3) principles of law that can be applied to interpret the law, where the Literal rule can be applied and if absurdity exist either the Golden or the Mischief rule can be used. The Literal rule considers the law as what it says where the natural meaning of the words are used for interpretation; this can be depicted in the case Regina v Barrymore where the defendant was charged with the offence of wounding with the intent to murder, however the learned magistrate of St John’s Magistrate’s court committed the defendant to stand trial on a charge of wounding with intent to do grievous bodily harm. The court however had no power to commit the defendant for any offence other than the offence with which he had been charged. • Golden Rule The Golden rule is an extension of the literal rule, giving either narrow or wide meaning to the law; the Narrow meaning can be exemplified in the case of Marilyn Spenser v the Attorney General (AG), where the appellants, members of the Executive of the Committee of the Hallelujah Square Tabernacle church submitted to the Attorney General (AG) articles of incorporation of the church as a religious non- profit organization. However, the AG rejected the request stating that a nonprofit company must be a commercial enterprise which is to be carried out without financial gain to its members. Wide Meaning on the other hand is used to give law a wider......

Words: 21185 - Pages: 85

Free Essay

Hi My Name Is Nagesh

...Skill Builders Junior Skill Builders ® N E W Y O R K Copyright © 2008 LearningExpress, LLC. All rights reserved under International and Pan-American Copyright Conventions. Published in the United States by LearningExpress, LLC, New York. Library of Congress Cataloging-in-Publication Data: Junior skill builders : grammar in 15 minutes a day.—1st ed. p. cm. ISBN: 978-1-57685-662-8 1. English language—Grammar—Problems, exercises, etc. 2. English language—Grammar—Examinations—Study guides. I. LearningExpress (Organization) PE1112.J86 2008 425—dc22 2008020779 Printed in the United States of America 10 9 8 7 6 5 4 3 2 1 First Edition For more information or to place an order, contact LearningExpress at: 2 Rector Street 26th Floor New York, NY 10006 Or visit us at: C O N T E N T S Introduction Pretest S E C T I O N 1 : PA R T S O F S P E E C H Lesson 1: Nouns • Understanding common, proper, concrete, abstract, collective, and compound • Review exercises of all nouns Lesson 2: Pronouns • Understanding personal, demonstrative, reflexive, intensive, indefinite pronouns • Charts of subject, object, possessive, and indefinite pronouns • Review exercises of all pronouns Lesson 3: Verbs • Understanding action, linking, and helping verbs • Chart of common helping verbs • Review exercises of all verbs Lesson 4: Verb Tenses • Understanding regular and irregular verbs • Understanding present, past, future, present perfect, past......

Words: 42420 - Pages: 170

Premium Essay

Executive Vice President - Automotive Product Strategy and Development

...Researched, compiled and published by Woods & Seaton International Automotive Systems Customer Relationships Management - “CRM” May 2009 ★ ★ ★ ★ ★ ESTABLISHED ★ 1973 ★ ★ ★ ★★★ International Automotive Systems - “CRM” - 2009 For the sole, internal use of Aspen Marketing Services, Inc. - Contact: Bill Ewing. Researched, compiled and published by Woods & Seaton page 123 International Automotive Systems Customer Relationships Management - “CRM” May 2009 Copyright Notice All rights reserved. This document is supplied for the sole, internal use of... Aspen Marketing Services, Inc. - Contact: Bill Ewing. No part may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the copyright holder. Any questions from Subscribers to Woods & Seaton Automotive Systems Information about this study should be addressed to Mike Seaton, Automotive Systems & Communications, Wash Hill House, ★ ★ ★ ★ ★ Wooburn Green, ESTABLISHED ★ 1973 ★ Buckinghamshire ★ ★ England, HP10 0JA. ★ ★ ★ Telephone: 44 (0) 1628 525 960 E-Mail address . . . Web Site . . . © Woods & Seaton 2009 Tel. 44 (0)1628 525 960 E-mail: Subscribers to Woods & Seaton Automotive Systems Information are automatically included on our e-mail Briefings......

Words: 65405 - Pages: 262

Premium Essay

2013 Road Rules

...teen drivers. My office has also adopted policies that have allowed the driving public to more easily access Secretary of State services. Hundreds of thousands of drivers and registered vehicle owners have utilized services on my office’s website at to renew their driver’s license and license plates, register their information in the Emergency Contact Database or to join the Organ/ Tissue Donor Registry. As Secretary of State, I continue to maintain the highest standards when it comes to traffic safety and public service in Illinois. Jesse White Secretary of State Table of Contents Chapter 1: Illinois Driver’s License ................................................................................2 Chapter 2: Driver’s License Exams ..............................................................................11 Chapter 3: Drivers Under Age 21 (GDL) ......................................................................14 Chapter 4: Traffic Laws................................................................................................19 Chapter 5: Sharing the Road ......................................................................................35 Chapter 6: Driving Under the Influence (DUI) ............................................................42 Chapter 7: Traffic Violations/Crashes ........................................................................48 Chapter 8: Driver’s License Revocation, Suspension, Denial,......

Words: 33267 - Pages: 134

Free Essay

The Case of the Unidentified Company

...Invest. Innovate. Inspire. For a new India. ANNUAL REPORT 2014-15 India is at the threshold of a new era of growth and opportunity. This is driven by increasing economic activity, ongoing ‘Make in India’ initiatives and a demographically well-placed, aspirational society. Reliance Industries Limited (RIL) continues to be a partner in India’s ongoing journey towards economic and social well-being, and remains committed to investing in and innovating for India. RIL is striving to meet and exceed global benchmarks in product quality and customer service with inspiring ideas and strategic investments. From the manufacturing landscape to high-growth consumer service sectors, RIL is achieving superior outcomes that facilitate India’s drive for global leadership. RIL is delivering industry-leading performance through consistent efficiency in operations and prudent configuration of assets. RIL is making sizable capital investments, focusing on technology and expanding its level of services from the hydrocarbons sector to consumer businesses. RIL innovates for existing businesses and also focuses on developing new business models to deliver g g g y significant value for its growing stakeholder fraternity. In this effort, it collaborates with o s with leading global institutions to help usher in a n era of possibilities. global new is growing o RIL’s focus is to continue growing as a respons responsible organisation, thereby e inspiring progress......

Words: 182744 - Pages: 731