Dear Mr Tan,
In your business simulation game, I find that if I increase the price and advertising, I usually get better profit. Is this correct?
REPLY
This is what the results appear to show, but up to a point. Beyond that point, you will get lower profit.
If you play the game a few times, you will get a "feel" for what the turning point is.
this is also what happens in the real business world. You need to get the "feel" based on experience.
In your business simulation game, I find that if I increase the price and advertising, I usually get better profit. Is this correct?
REPLY
This is what the results appear to show, but up to a point. Beyond that point, you will get lower profit.
If you play the game a few times, you will get a "feel" for what the turning point is.
this is also what happens in the real business world. You need to get the "feel" based on experience.
You can practice the game at www.tklcloud.com/bsg.
Enjoy.
Enjoy.
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