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WGU d366 study questions section 1 with 100% Correct & Verified Answers
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WGU d366 study questions section 1 with 100% Correct & Verified Answers
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WGU d366 study questions section 1 with 100%Correct & Verified Answers
What is Porter's Five Forces framework used to analyze? - ✔✔Industry competition
Porter's Five Forces framework is used to analyze the forces of competition within an
industry.
A local high school houses a large food court-style cafeteria, which provides students
with multiple lunch options.
Which of Porter's Five Forces would a student's choice of lunch options be a strong
example of? - ✔✔Threat of substitutions
Because students have multiple lunch options, they can easily switch from one option to
another (i.e., substitute one for another.)
What is likely to happen if many new businesses enter a market? - ✔✔Competitive
rivalry will intensify.
In general, the lower the industry concentration, the higher the competition between
existing rivals.
A firm is trying to determine if its customers are highly price-sensitive or relatively
insensitive.
Which of the economic framework attributes would apply to this analysis? -
✔✔Demand
The demand attribute involves asking questions such as:
Are customers highly price-sensitive, as in the case of automobiles, or are they relatively
insensitive, as in the case of soft drinks?
, Is demand growing rapidly, or is the industry relatively mature?
A chain retail store's products are also offered at many other retail stores but at higher
prices.
Which competitive strategy is this store implementing? - ✔✔Low-cost leadership
strategy
A coffee company offers high-quality products that may be customized to each
customer's taste, excellent customer service, and an inviting atmosphere.
Which competitive strategy is this company implementing? - ✔✔Product
differentiation strategy
What are two accurate statements regarding accounting quality? Choose two answers. -
✔✔Accounting information should provide relevant information to forecast the
firm's expected future earnings and cash flows.
The primary determinant of quality accounting information is if the company received
an unqualified opinion from an independent auditor.
What are two accurate statements regarding common size financial statements? Choose
two answers. - ✔✔Common-size financial statements must be carefully interpreted.
Common-size financial statements is a simple but powerful tool for analyzing financial
statements.
Which financial statement analysis tool is helpful in highlighting the relative rates of
growth in financial statement amounts from year-to-year and over longer periods of
time? - ✔✔Percentage change financial statements
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