What is a virtual business simulation?

Virtual Business (VB) High School simulations are browser-based, online business simulations that provide you with an interactive curriculum to teach business, marketing, financial literacy/personal finance, and much more.

How does BSG increase net profit?

Answer: To increase your company’s net income you should focus on improving your bottom line as well as your top line, try to trim labor, materials, warehouse, and delivery expenses.

How do you make a good simulation?

Overall, a good simulation game should manage a balance between a high degree of realism and player engagement. Its mechanics should be as faithful as possible to the processes that it attempts to model.

What are virtual business cards?

A digital business card, also known as an electronic or virtual business card, is a way to share and save contact information in real-time quickly. They are customized with your unique information and can be as detailed or general as you wish.

How do you do the 3 year strategic plan BSG?

Doing a 3-year strategic plan involves:

  1. Stating a strategic vision for your company.
  2. Establishing objectives for EPS, ROE, credit rating, image rating, and stock price appreciation each of the next three years.
  3. Declaring what competitive strategy your company intends to pursue.

How do you increase ROE in BSG?

One way to boost ROE is to pursue actions that will raise net profits (the numerator in the formula for calculating ROE). A second means of boosting ROE is to repurchase shares of stock, which has the effect of reducing shareholders’ equity investment in the company (the denominator in the ROE calculation).

What missed Unit sales?

MISSED SALES: A missed sale means that a customer wanted to buy your product, but you had no inventory available in that territory. With multiple territories, it is possible to have missed sales in one territory and inventory available in another.

What is profit GoVenture?

​GoVenture​® ​CEO. LEARNING GUIDE. Gross Profit ​= Price – COGS. Net Profit ​= Price – COGS – All Other Expenses. All Other Expenses​includes costs for sales, marketing, operations, and more.