Test Prep - WGU - Principles Of Management -
C483 Questions And Answers Latest Update
Delivery of products or services ANS✔✔ A value chain is the sequence of
activities that begins with raw materials.
What result does a value chain end with?
Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
Profit margins are increased. ANS✔✔ What happens when an effective value
chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
, Solution 2024/2025
Pepper
Analysis of external opportunities and threats ANS✔✔ Industry and market
analysis, competitor analysis, and social analysis are examples of which
step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
Strengths ANS✔✔ Skilled management, positive cash flow, and well-known
brands are examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies ANS✔✔ What denotes skills or expertise in an activity
that constitutes the roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
, Solution 2024/2025
Pepper
Suppliers can reduce manufacturing time and increase product quality.
ANS✔✔ According to Michael Porter's competitive environment model, how
can suppliers influence strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the
environment.
Differentiation ANS✔✔ A company offers unique products in its industry to
create a competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
Vertical integration ANS✔✔ Happy Inc. is a leading provider of family
entertainment and BCD is a broadcasting company with news, cable, and
entertainment networks. Happy Inc. recently acquired BCD in hopes of
boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s purchase of
their distribution network?
Choose 1 answer
, Solution 2024/2025
Pepper
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Strategic vision ANS✔✔ A local business has provided services to its
customers for 40 years. The business's mission is "To give our customers
the best service in town." The owner of the business has had a long-
standing dream to franchise the business and become the best provider of
its service in the United States.
What describes the owner's dream?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
Developing a strategic mission ANS✔✔ What is the first step of
organizational strategic planning?
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
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