WGU C201 Business Acumen Comprehensive Study Guide | Latest 2024
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Course
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
Institution
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
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
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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