Which of the Following Is Not an Advantage of Simulation

question 12

Multiple Choice

Which of the following is not an advantage of simulation over other data sources?

• A) Development of the model is relatively simple and straightforward.
• B) It allows evaluation of alternative marketing strategies.
• C) Simulation can be conducted in complete secrecy.
• D) It can be used as a training device within the organization.
• E) Simulation encourages creativity since radical strategy changes can be evaluated.

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Definitions:

Marginal Costs

The augmentation in total expenditures resulting from the production of an additional unit of a product or service.

Law of Diminishing

Refers to the Law of Diminishing Returns, which states that continuing to increase one input, while holding others constant, will eventually result in smaller and smaller additions to output.

Stolen Goods

Items that have been illegally taken from their rightful owner, typically sold in underground markets.

All-You-Can-Eat Buffet

A type of meal serving format where diners pay a fixed price to consume as much food as they desire from a variety of dishes.