ABS Operation basics

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to check one's basic understanding of the ABS Operation round

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Lan Anh Dao

Vietnam

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ABS Operation basics


ABS Operation basicsVersión en línea to check one's basic understanding of the ABS Operation round por Lan Anh Dao 1 How many Operation rounds are there in the ABS Regional? a 3 b 4 c 5 d 6 2 What information do you need to fill in the ABS app for each Operation round? Choose one or more answers a Cities where you set your factory and sell your products b The amount of money you have to return to the bank after borrowing from them c How many products you plan to produce & how much you sell at product d How many employees you hire & how much you pay them e How much you invest in marketing, quality control, and R&D f How many market reports you will buy for each market 3 How long is 1 Operation round? a 1 month b 1 quarter c 1 year 4 What are the assumptions you need to know for sure before the Operation game starts? Choose one or more answers a Bank loan: How much money you can borrow from the bank at the beginning of each round & When you have to repay your loan b Salary: Whether the salary given in the formula sheet is monthly or quarterly & Whether there is any formula showing how increasing salary leads to higher productivity c Working hours: How many hours per day and days per month each employee works d Buyer's decision-making: How the buying decision is influenced by price, marketing, quality, management, etc. e Extra costs: Whether taxes, transportation costs, etc. are included in the game f Additional financial sources: Whether there are any other sources of money other than bank loan 5 What source of capital is equal among all the teams a Initial capital b Bank loan c Bonuses from other rounds d Stocks & Bonds 6 What are the most important factors you need to consider when choosing home city (where you set up your factory) a Costs (buying components and materials, paying employees, and incurred when goods are unsold) b Bank loan & interest c Potential revenue (average price & number of buyers) d Whether it is a popular choice among teams 7 Look at this table, which city is the best option for home city? a TP HCM b Hanoi c Hai Phong d Nghe An 8 What are the most important factors you need to consider when choosing market (where you sell your products) Choose one or more answers a Bank loan & interest b Operational costs c Average price d Number of buyers (population x penetration rate) 9 Look at this table, which city is the best option for market? a TP HCM b Hanoi c Hai Phong d Nghe An 10 What are the expenditures you need to set budget for first, before you can think of any investment? Choose one or more answers a Bank interest b Sales agents c Market reports d Income tax (if applied) e Risk buffer (around 5% of your total capital) f Production 11 What are best strategies for marketing and quality investment, knowing that purchase decision is driven by price, sales power, quality, and system management? Choose one or more answers a Price < average price ; high sales power index (sales agents combined with marketing investment) ; low quality ; low management b Price < average price ; high sales power index ; reasonable quality ; low management (assuming low storage cost) c Price = average price ; high sales power index ; reasonable quality; high management (assuming low storage cost) d Price > average price ; high sales power index : high quality ; reasonable management e Price > average price ; reasonable sales power index ; exceptional quality ; reasonable management 12 What is true about buying sales agents Choose one or more answers a Setting up a sales agent is expensive, and it is also costly to remove a sales agent, so it's best to stay in business in the market(s) you've chosen b If you plan $1,000,000 to spend for sales power (sales agents + marketing), then buying 2 sales agents will give you immediate advantages compared to buying 1 sales agent. c Having more than 1 sales agents in a critical market from round 1 can give you an edge in the later rounds when the market is saturated. d Owning 1 sales agent in a critical market is not enough for a win 13 Assuming: quarterly salary = $6,000 ; working hours = 8 hours / day x 22 days/ month. How much is the hourly wage? a $34 b $11 c $8

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ABS Operation basics

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ABS Operation basicsVersión en línea

por Lan Anh Dao

How many Operation rounds are there in the ABS Regional?

What information do you need to fill in the ABS app for each Operation round?

Choose one or more answers

How long is 1 Operation round?

What are the assumptions you need to know for sure before the Operation game starts?

Choose one or more answers

What source of capital is equal among all the teams

What are the most important factors you need to consider when choosing home city (where you set up your factory)

Look at this table, which city is the best option for home city?

What are the most important factors you need to consider when choosing market (where you sell your products)

Choose one or more answers

Look at this table, which city is the best option for market?

What are the expenditures you need to set budget for first, before you can think of any investment?

Choose one or more answers

What are best strategies for marketing and quality investment, knowing that purchase decision is driven by price, sales power, quality, and system management?

Choose one or more answers

What is true about buying sales agents

Choose one or more answers

Assuming: quarterly salary = $6,000 ; working hours = 8 hours / day x 22 days/ month. How much is the hourly wage?