by alex
Step into the world of Glo-Bus, where you’ll navigate the complexities of running a digital camera company. This quiz will challenge your understanding of strategic planning, financial analysis, and operational management within the simulation. Whether you’re a seasoned player or new to the game, these questions will test your knowledge and help you refine your skills. Good luck, and may your company thrive!
Questions Overview
1. What is the primary objective of the Glo-Bus simulation game?
To achieve the highest market share
To maximize stock price and earnings per share
To produce the most innovative products
To have the largest workforce
2. Which financial metric is crucial for determining your company’s profitability in Glo-Bus?
Return on Equity (ROE)
Gross Profit Margin
Net Profit Margin
Current Ratio
3. What strategy can help increase your company’s market share in Glo-Bus?
Increasing product prices
Reducing advertising expenses
Improving product quality and features
Decreasing production capacity
4. In Glo-Bus, what is the impact of increasing your company’s advertising budget?
It decreases production costs
It increases brand awareness and sales
It reduces the need for R&D
It lowers the company’s debt
5. What role does research and development (R&D) play in Glo-Bus?
It reduces labor costs
It improves product quality and innovation
It increases inventory levels
It lowers marketing expenses
6. How can you improve your company’s credit rating in Glo-Bus?
By increasing debt
By maintaining a high current ratio
By reducing production costs
By expanding the workforce
7. What is the effect of offering rebates on your products in Glo-Bus?
It decreases market share
It increases customer demand
It reduces product quality
It lowers R&D expenses
8. Which factor is most important when setting your product prices in Glo-Bus?
Competitors’ prices
Production capacity
Employee salaries
Number of suppliers
9. What is the purpose of benchmarking in Glo-Bus?
To set production quotas
To compare your performance with competitors
To determine employee bonuses
To decide on new product features
10. How does increasing production capacity affect your company in Glo-Bus?
It lowers product prices
It increases the ability to meet customer demand
It reduces marketing expenses
It decreases product quality
