- Description
- Full Document
New Shoes Quiz Solutions
There are 10 quick questions in NewShoes
Product development investments only have a positive effect on the home region.
- True
- False
How many regions are there in NewShoes?
- 1
- 2
- 3
- 4
The contract bid always goes to the firm (or firms if a tie occurs) with the lowest bid.
- True
- False
How many periods of prior operations inNewShoes before you assumed control of the firm?
- 0
- 1
- 2
- 3
- 4
New improved versions of your product are solely the result of amount and consistency of product development expenditures.
- True
- False
How much does it cost to enter a new region?
- $500,000
- $750,000
- $1,000,000
- $1,500,000
Advertising has the same effect in all regions.
- True
- False
Given a 75% experience curve, if unit cost is $32 with cumulative production of 600,000, what will it be when cumulative production doubles to 1.2 million units?
- $24
- $28
- $32
- $64
The selling price you set for your shoes can be different in each of the markets where you have a presence.
- True
- False
How much does each salesperson you have employed cost you per period?
- $40,000
- $60,000
- $80,000
- $100,000
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