GLO-Bus Video PowerPoint Latest Update 2024- 2025 Questions and Correct Answers Guaranteed A+ All competitors will start out on the same footing in year 5—with equal sales volume, global market share, revenues, profits, costs, product quality, etc.. - CORRECT ANSWER: In Year 5, your company had worldwide sales of 840,000 video cameras and 140,000 camera-equipped drones. Revenues in Year 5 were $327.8 million and net earnings were $15 million, equal to $1.50 per share of common stock. Companies can pursue a competitive advantage keyed to: - low-cost/low-price. - top-of-the-line quality and performance. - more value for the money. - CORRECT ANSWER: - Companies can have a strategy aimed at being the clear market leader in (a) wearable video cameras or (b) cameraequipped drones or (c) both. - Companies can focus sales activities on one or two geographic regions or strive for strong worldwide coverage. - Companies can pursue essentially the same competitive approach worldwide or craft different strategies for the Europe-Africa, Asia-Pacific, Latin America, and North America markets. Each decision period in GLO-BUS represents a year. - CORRECT ANSWER: Each financial target is worth 20 points. - CORRECT ANSWER: Meeting the target for the year will earn you 20 points. Missing targets will result in a proportionately lower/higher score. - (e.g. - Missing target by 10% = 18 points) GLO-BUS is an online exercise where you will run a company that is racing for global market leadership in two product categories: - CORRECT ANSWER: - Wearable (and mountable) video cameras (like GoPro) - Camera-equipped copter drones suitable for a variety of commercial purposes. In other words, strategies and decisions employed by rival companies will determine your success or failure in the market. - CORRECT ANSWER: Market share competition will be based on 10 specific factors: - CORRECT ANSWER: - Price - Product performance and quality - The number of camera/drone models - Annual number of weekly sales promotions This study source was downloaded by 100000885414045 from CourseHero.com on 08-26-2024 05:25:27 GMT -05:00 https://www.coursehero.com/file/228077671/GLO-Bus-Video-PowerPoint-Latest-Update-2024-2025-Questions-and-Correct-Answers-Guaranteed-Apdf/ - The size of the discounts offered to retailers during weekly sales promotions - Advertising spending - Website improvement and web page displays - Number of retailers stocking and merchandising the company's products - Length of your product warranty period - Company image/brand reputation Most any well-executed competitive approach is capable of succeeding, provided that: - CORRECT ANSWER: - It is not overpowered by the strategies of competitors - It is not defeated by too many copycat strategies that dilute its effectiveness. naming your company - CORRECT ANSWER: Shortly after registering, you and your co-managers should decide on a new name for your camera/drone company. Your company's name must begin with the letter of the alphabet that you have been assigned. Names can be up to 20 characters. - To name the company, click on the Company Name menu item near the top of the Corporate Lobby screen, and enter your company's full name in the space provided. All company names are "public" and appear in the Camera & Drone Journal; thus you should select a name that you are proud of and that reflects the image you want to project to your customers, shareholders, other company stakeholders, and the general public. peer evaluations - CORRECT ANSWER: At the end of the exercise, you will be asked to complete a 12-question evaluation of each of your co-managers and a self evaluation of your own performance. The peer evaluations are for your instructor only and are completely confidential. Your overall Glo-Bus grade may be subjectively adjusted (down or up) based on the reviews provided in the peer evaluations So the first set of decisions you and your co-managers will make is for Year 6. - CORRECT ANSWER: some procedures - CORRECT ANSWER: See the Decision Schedule link on your Corporate Lobby Web page for the dates and deadlines for the decisions. The decision deadlines are strictly enforced, since the results are processed automatically on the GLO-BUS servers minutes after the deadline. The results of each decision will be available online about 15-20 minutes after the decision deadline. n