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Business Simulation

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Business Simulation

This textbook explores business simulation, research and design, marketing, production, finance, balanced scorecard, competition, total quality management, and lean principles.

Business
Author
Terri Brown
Publisher
Northeast Wisconsin Technical College
Source
LibreTexts
Language
EN
Category
Business Administration
Read online Download PDF (open licence)
Contents· 65 sections
  1. 01: Business Simulation Introduction
  2. 1.01: What is Operations Management
  3. 1.02: Transformation Process
  4. 1.03: The Operations Function
  5. 02: Research and Design
  6. 2.01: Competitiveness
  7. 2.02: Strategy
  8. 2.03: In the Spotlight
  9. 2.04: Marketing and the Marketing Process
  10. 2.05: The Marketing Mix and the 4Ps of Marketing
  11. 2.06: Understanding Consumer Markets and Buying Behavior
  12. 2.07: Product Positioning
  13. 03: Marketing
  14. 3.01: Why Does Understanding Costs Matter
  15. 3.02: Understanding the Cost Equation
  16. 3.03: Contribution Margin - the Foundation for CVP
  17. 3.04: Understanding the Degree of Operating Leverage
  18. 3.05: Pricing and Its Role in the Marketing Mix
  19. 3.06: The Five Critical Cs of Pricing
  20. 3.07: The Five-Step Procedure for Establishing Pricing Policy
  21. 3.08: Introduction to Forecasting
  22. 3.09: Forecasting Assumptions and Demand Patterns
  23. 3.10: Time Series Methods
  24. 04: Production
  25. 4.01: Introduction to Strategic Capacity Planning
  26. 4.02: Capacity Planning for Products and Services
  27. 4.03: Defining and Measuring Capacity
  28. 4.04: Determinants of Effective Capacity
  29. 4.05: Types of Inventory
  30. 4.06: Production Decisions in Foundation
  31. 4.07: Relevant Costs
  32. 05: Finance Balanced Scorecard
  33. 5.01: Explain the Primary Roles and Skills Required of Managerial Accountants
  34. 5.02: Describe Trends in Todays Business Environment and Analyze Their Impact on Accounting
  35. 5.03: Distinguish between Merchandising Manufacturing and Service Organizations
  36. 5.04: Identify and Apply Basic Cost Behavior Patterns
  37. 5.05: Estimate a Variable and Fixed Cost Equation and Predict Future Costs
  38. 5.06: Explain Contribution Margin and Calculate Contribution Margin per Unit Contribution Margin Ratio and Total Contribution Margin
  39. 5.07: Calculate and Interpret a Companys Margin of Safety and Operating Leverage
  40. 5.08: Identify Relevant Information for Decision-Making
  41. 5.09: Evaluate and Determine Whether to Keep or Discontinue a Segment or Product
  42. 5.10: Evaluate and Determine How to Make Decisions When Resources Are Constrained
  43. 5.11: Explain the Importance of Performance Measurement
  44. 5.12: Identify the Characteristics of an Effective Performance Measure
  45. 5.13: Evaluate an Operating Segment or a Project Using Return on Investment Residual Income and Economic Value Added
  46. 5.14: Describe the Balanced Scorecard and Explain How It Is Used
  47. 5.15: Why It Matters
  48. 5.16: Ratios- Condensing Information into Smaller Pieces
  49. 5.17: Operating Efficiency Ratios
  50. 5.18: Liquidity Ratios
  51. 5.19: Solvency Ratios
  52. 5.20: Market Value Ratios
  53. 06: Competition
  54. 6.01: Introduction to Strategic Analysis
  55. 6.02: Gaining Advantages by Understanding the Competitive Environment
  56. 6.03: Using SWOT for Strategic Analysis
  57. 6.04: A Firm's External Macro Environment - PESTEL
  58. 6.05: A Firm's Micro Environment- Porter's Five Forces
  59. 6.06: The Internal Environment
  60. 6.07: Competition Strategy and Competitive Advantage
  61. 6.08: Strategic Positioning
  62. 07: Total Quality Management and Lean
  63. 7.01: Lean Manufacturing and Control
  64. 7.02: Five Core Principles of Lean
  65. 7.03: Just-In-Time (JIT) Systems