Exam (elaborations)
WGU C483 Questions And Answers Latest Update
- Course
- WGU C493
- Institution
- Western Governors University
WGU C483 Questions And Answers Latest Update
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Solution 2024/2025Pepper
WGU C483 Questions And Answers Latest
Update
Open Systems ANS✔✔ Organizations that are affected by, and that affect,
their environment.
Inputs ANS✔✔ Goods and services organizations take in and use to create
products or services.
Outputs ANS✔✔ The products and services organizations create.
External Environment ANS✔✔ All relevant forces outside a firm's
boundaries, such as competitors, customers, the government, and the
economy.
Competitive Environment ANS✔✔ The immediate environment surrounding
a firm; includes suppliers, customers, rivals, and the like.
Macroenvironment ANS✔✔ The general environment; includes
governments, economic conditions, and other fundamental factors that
generally affect all organizations.
Demographics ANS✔✔ Measures of various characteristics of the people
who make up groups or other social units.
, Solution 2024/2025
Pepper
Barriers to Entry ANS✔✔ Conditions that prevent new companies from
entering an industry.
Switching Costs ANS✔✔ Fixed costs buyers face when they change
suppliers.
Supply Chain Management ANS✔✔ The managing of the network of facilities
and people that obtain materials from outside the organization, transform
them into products, and distribute them to customers.
Final Consumer ANS✔✔ A customer who purchases products in their finished
form.
Intermediate Consumer ANS✔✔ A customer who purchases raw materials or
wholesale products before selling them to final customers.
Environmental Scanning ANS✔✔ Searching for and sorting through
information about the environment.
Competitive Intelligence ANS✔✔ Information that helps managers
determine how to compete better.
Scenario ANS✔✔ A narrative that describes a particular set of conditions.
Forecasting ANS✔✔ Method for predicting how variables will change the
future.
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