WGU - Principles of Management -
C483
(Latest 2025-2026 Edition) 100% Verified Q&A + Answer
100+
Key Solutions
VERIFIED ANSWERS
Question 1
Delivery of products or services
Correct Answer
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
Question 2
Profit margins are increased.
Correct Answer
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.
Trusted by thousands of students and professionals worldwide Page 1 of 30
,Question 3
Analysis of external opportunities and threats
Correct Answer
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
Question 4
Strengths
Correct Answer
Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Question 5
Core competencies
Correct Answer
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
Question 6
Suppliers can reduce manufacturing time and increase product quality.
Correct Answer
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.
Trusted by thousands of students and professionals worldwide Page 2 of 30
, Question 7
Differentiation
Correct Answer
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
Question 8
Vertical integration
Correct Answer
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
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Question 9
Strategic vision
Correct Answer
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
Trusted by thousands of students and professionals worldwide Page 3 of 30
C483
(Latest 2025-2026 Edition) 100% Verified Q&A + Answer
100+
Key Solutions
VERIFIED ANSWERS
Question 1
Delivery of products or services
Correct Answer
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
Question 2
Profit margins are increased.
Correct Answer
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.
Trusted by thousands of students and professionals worldwide Page 1 of 30
,Question 3
Analysis of external opportunities and threats
Correct Answer
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
Question 4
Strengths
Correct Answer
Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Question 5
Core competencies
Correct Answer
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
Question 6
Suppliers can reduce manufacturing time and increase product quality.
Correct Answer
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.
Trusted by thousands of students and professionals worldwide Page 2 of 30
, Question 7
Differentiation
Correct Answer
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
Question 8
Vertical integration
Correct Answer
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
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Question 9
Strategic vision
Correct Answer
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
Trusted by thousands of students and professionals worldwide Page 3 of 30
