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WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL EXAM LATEST 2024 TEST BANK 105 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES $16.49   Add to cart

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WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL EXAM LATEST 2024 TEST BANK 105 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL EXAM LATEST 2024 TEST BANK 105 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

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  • August 9, 2024
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  • WGU C483 PRINCIPLES OF MANAGEMENT
  • WGU C483 PRINCIPLES OF MANAGEMENT
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WGU - Principles of Management - C483

Terms in this set (105)

A value chain is the Delivery of products or services
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

What happens when an Profit margins are increased.
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.

,Industry and market Analysis of external opportunities and threats
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

Skilled management, Strengths
positive cash flow, and well-
known brands are examples
of which component of the
SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities

What denotes skills or Core competencies
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

,According to Michael Suppliers can reduce manufacturing time and increase
Porter's competitive product quality.
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.

A company offers unique Differentiation
products in its industry to
create a competitive
advantage.


Which type of strategy is
the company using?
Valorization
Differentiation
Customization
Standardization

, Happy Inc. is a leading Vertical integration
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
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking

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