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WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024 $10.99   Add to cart

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WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024

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WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024 WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024 WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024

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  • August 28, 2024
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  • WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
  • WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
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WGU C201 Business Acumen
Comprehensive Study Guide | Latest
2024
Four major tasks of production and operation managers

- Correct Answer - Planning

Determine

Implement

Controlling



Five steps for production process

- Correct Answer - Planning

Routing

Scheduling

Dispatching

Follow-up



Three ways in which marketing creates utility

,- Correct Answer - Time utility- making a good or service
available, when customers want it.

Place utility- making product available in convenient location

Ownership utility- transferring product from seller to buyer.



Five types of nontraditional marketing used by not-for-profit
organizations

- Correct Answer - Person marketing

Place marketing

Cause marketing

Event marketing

Organization marketing



Three approaches to product-related segmentation

- Correct Answer - Geographical segmentation- Dividing a
market into the same groups based off location.

Demographic segmentation- Dividing a market into the same
group based on their demographic or socioeconomic
characteristics.

,Psychographic segmentation- Dividing a market into the same
group based on psychological characteristics such as values, and
lifestyles.



Operational Support Systems

- Correct Answer - Designed to produce a variety of information
on an organization's activities for both internal and external users.

Examples:

Transaction processing system

Process control systems

Enterprise collaboration systems

These facilitate efficient sharing of documents and knowledge
between teams and individuals in the organization



Transaction Processing System (TPS)

- Correct Answer - Record and process data from business
transactions.

Examples:

Major retailers use POS systems which link electronic cash
registers to the retailers computer centers.

, Process control systems

- Correct Answer - Monitor and control physical processes. A
steel mill, may have electronic sensors linked to a computer
system monitoring the entire production process.

The system makes changes and alerts operators to potential
problems.



Management Support Systems

- Correct Answer - information systems that are designed to
provide support for effective decision making. Designed to
produce reports for managers and other personnel.



Decision Support System (DSS)

- Correct Answer - Gives direct support to businesspeople
during the decision-making process



Executive Support Systems (ESS)

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