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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT LATEST VERSION (VERSION A) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+$26.99
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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT LATEST VERSION (VERSION A) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+
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Course
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
Institution
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
LATEST VERSION (VERSION A) NEWEST 2024 ACTUAL EXAM
TEST BANK COMPLETE 200 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+
1 | P a g e WGU C201 BUSINE SS ACUMEN OBJECTIVE ASSESSMENT LATEST VERSION (VERSION A) NEWEST 2024 A CTUAL EXAM TEST BANK COMPLETE 200 QUESTIONS AND CORR ECT DETAI LED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ Which two key elements does an effective organization inclu de? - CORRECT ANSWER >>>Human Interaction & Structure Why does a line organization structure function most effectively in a crisis situation? - CORRECT ANSWER >>>It establishes a direct flow of authority A company might divide itself into smaller groups that best match the types of customers it serves. What is this an example of? - CORRECT ANSWER >>>Departmentalization Which primary driver does management use for an organization's structure? - CORRECT ANSWER >>>Achievement of company goals Which step in the organizing process results in management grouping work activities into units within the organization? - CORRECT ANSWER >>>Departmentalization 2 | P a g e A high -tech startup company is launching a marketing campaign for its new social media portal by highlightin g how the portal exceeds the connectivity and collaboration capabilities of all other social media sites. Which type of competitive advantage is this company leveraging? - CORRECT ANSWER >>>product Which marketing strategy is devoted to maintaining continuous bottom line prices rather than relying on short -term price -cutting tactics such as cents -off coupons, rebates, and special sales? - CORRECT ANSWER >>>Everyday Low Pricing When would a pull prom otional strategy enhance a competitive advantage to market a product better than a push strategy? - CORRECT ANSWER >>>When demand for the product is driven by the end user Which marketing tool is often used to build effective relationship marketing campai gns? - CORRECT ANSWER >>>Affinity Programs Which element of the promotional mix has the advantage of messaging that can be tailored for each customer but the disadvantage of a high cost per contact? - CORRECT ANSWER >>>Personal Selling What three factors should be addressed in a successful marketing plan? - CORRECT ANSWER >>>Target Market, Sales Revenue Goals and Plan Implementation Timeline Which three characteristics are measured in demographic segmentation? - CORRECT ANSWER >>>Race & Ethnicity, Income and Household Size 3 | P a g e In which three ways does business -buying behavior differ from consumer -buying behavior? - CORRECT ANSWER >>>A group or committee often makes decisions Purchasers often invite selected providers to bid on a purchase Buyers face organiza tional influences that affect their own preferences Which three factors suggest a product should be marketed as a specialty product? - CORRECT ANSWER >>>Priced high Purchased infrequently Available from a small number of retail outlets With which two typ es of products does a marketing strategy rely on advertising more than personal selling? - CORRECT ANSWER >>>Accessories to primary products Consumable supplies After years of marketing a body lotion, a cosmetics company begins promoting the lotion as an insect repellent as well.In which three product life cycle extension strategies did this company engage? - CORRECT ANSWER >>>Adding new users, finding new uses for the product, increasing frequency of use. What are three qualities of strong brand equity? - CORRECT ANSWER >>>Awareness, Loyalty and favorable images A customer intends to purchase her favorite cereal. It is out of stock, so she purchases an alternative brand of cereal instead.Which stage of brand loyalty is this customer in? - CORRECT ANSWER >>>brand preference Which manufacturer distribution model is enhanced by the shipping and tracking capabilities of a global package delivery service? - CORRECT ANSWER >>>Direct 4 | P a g e Which three tasks are key responsibilities of operations managers? - CORR ECT ANSWER >>>Planning the overall production process Determining the best layout for the firm's facilities Implementing the production plan Which two characteristics does a Just -In-Time (JIT) System have? - CORRECT ANSWER >>>Production using JIT reduces a fi rm's inventory costs. A JIT system seeks to eliminate anything that does not add value in operations activities. Which aspect of operations management do the ISO 9000 standards address? - CORRECT ANSWER >>>Establishment of effective quality systems Which manufacturing model uses technology to produce small runs of customized products cost effectively? - CORRECT ANSWER >>>Flexible Which two of the following distribution channels would take title of the products they handle? - CORRECT ANSWER >>>Limited -function merchant wholesaler Full-function merchant wholesaler Which economic graph is used by organizations to regulate production by predicting the amount of product buyers will purchase at different prices? - CORRECT ANSWER >>>Demand Curve Which two fact ors drive demand in a microeconomic system? - CORRECT ANSWER >>>Price of substitute goods Customer preference
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