COMPXM is an exam that is done after completing the 2024 capsim competition rounds. It has two sections, i.e., decision making and board query question. There is no defined way for decision-making in comp-XM. However, you need to understand your competitors’ strategies. You must also be very careful when making decisions concerning forecasting, research, and development as well as marketing and promotion. Forecasting is one of the most important departments, and any error in this section may lead to financial issues such as emergency loans, too much stock, and stock out.  For the board query question, we have answered all the past questions that we covered. Kindly click here to get 2023 compxm board query questions answers.  The purpose of this article is to guide you to get the right 2024 COMP XM answers for the decision-making section. 

Choose COMPXM strategy

I usually go for broad differentiation because it is more flexible. As the game progresses, you can change it to a hybrid of broad differentiation or something like a differentiator with the product life cycle. In this case, I mean making adjustments, like lowering the price to less than the industrial average, moving a product from nano to core market segment, etc., compared to 2023, compxm 2024 answers have slight variation. Over the coming months, more variation might occurs. Therefore, don’t use this guide blindly.

Kindly follow these compxm tips the way they are arranged while making decisions to avoid confusion.

Comp-XM 2024 Round 1 answers

Research and development 

The next round position reported on the previous round report is not the same since it depends on the competitors’ position each round. Therefore, when you receive round 0 report, make the adjustments suggested above to differentiate your products.

Introduce new products in nano, crossover, and elite segments.

Ensure all new products are released to the market by the latest August 30th next year (round 2).

Make sure the names of new products starts with “A” since this is compxm Andrews company

IMPORTANT!!!

If any decision results in a revision date more than October 10th the same year (round 1 year), adjust size and position to reduce revision date (for example, you can increase the size by 0.2 and reduce performance by 0.2 and keep adjusting until you get revision data less than September 30^th of the current year)

Marketing and promotion compxm 2021 answers 

 Ensure that you spent the highest for both promotion and marketing to get the highest awareness and accessibility.

IMPORTANT!!!

In case you have customer awareness, more than 82% (on any product) do not spend more than 1400 on the promotion budget.

When you attain 100% in awareness per given product, spent only 1400 to maintain that position. 

Also, note that spending more than 3000 in marketing for a product in a given segment does not bring about additional advantage unless you have more than 1 product in that segment. 

COMP XM TQM decision 2024

Tqm is a group of strategies that will help you reduce research and development cycle time, material cost, labor cost, and increase your demand. Ensure that you spent on each element a total of 1000 in round 1. It will cost you a total of 10,000, but it will bring you an additional advantage. 

COMPXM Production decision 2021

COMP-XM exam human resource answers 2024

To reduce turnover, it is good to allocate 80 hours for training. It is also good to spend $5000 in recruitment to get qualified personnel in your workforce. The result of this is an increase in the productivity index. A high productivity index increases savings.

COMP XM exam 2024 Finance Decisions

Start by checking the balanced scorecard, especially days of working capital and leverage.Leverage account for 6.0 points and days of working capital 4.0.

Days of working capital can be too high or too low. The recommended value is between 30 and 90. To increase days of working capital in capsim exam, you can issue long-term debt and stock or selling capacity. in other words, you need to increase current assets. To reduce working capital, you do the opposite, like retiring bond and stock, buy capacity, issue short-term debt, and issuing dividends. This is the same as reducing current assets or increase current liability.

Leverage is increased by issuing bonds, short-term debt, reducing retained earnings and equity.

The financial decision should be made last and should be done with balance in mind. Issuing stock is known to dilute stock prices. Therefore, any financial decision should be checked against a balanced scorecard to ensure that points are increased each time rather than lost.

When making a financial decision, check the cash balance as of 31^st of the same year. It is usually the last item on the compxm financial decision-making page. Make sure the ending balance is not less than $3000. This will help to cover in case of high inventory.

Conclusion

Compxm exam 2024 keeps on changing, so ensure you exercise care while using the above Compxm answers templates. In case you have any questions or difficulties making decisions for compxm decision or solving board query questions, kindly contact us, and we will get back to you as soon as possible with the correct compxm answers 2024.

Still, need more help? Kindly stay tuned for comp xm 2024 round 2 answers 

Additional tips

COMPXM tips to earn highest points in COMP XM exam- capsim login

CAPSIM production strategy tips-overview, capacity utilization, expansion and automation