PRE ASSESSMENT: PRINCIPLES OF MANAGEMENT (IAC1) PIAC
Attempt #1
Status: Passed
1.
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
2.
What happens when an effective value chain is created?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
3.
,Industry and market analysis, competitor analysis, and social analysis are examples of which step in the
strategic planning process?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
4.
Skilled management, positive cash flow, and well-known brands are examples of which component of the
SWOT analysis?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Threats
Strengths
Weaknesses
Opportunities
5.
What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an
organization?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
, YOUR CORRECT
ANSWER ANSWER
Strategic values
Core competencies
Products and services
Opportunities and threats
6.
According to Michael Porter's competitive environment model, how can suppliers influence strategic
planning?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
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.
Supplier can reduce technological, demographic, and legal threats in the
environment.
7.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Valorization
Differentiation
Attempt #1
Status: Passed
1.
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
2.
What happens when an effective value chain is created?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
3.
,Industry and market analysis, competitor analysis, and social analysis are examples of which step in the
strategic planning process?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
4.
Skilled management, positive cash flow, and well-known brands are examples of which component of the
SWOT analysis?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Threats
Strengths
Weaknesses
Opportunities
5.
What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an
organization?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
, YOUR CORRECT
ANSWER ANSWER
Strategic values
Core competencies
Products and services
Opportunities and threats
6.
According to Michael Porter's competitive environment model, how can suppliers influence strategic
planning?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
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.
Supplier can reduce technological, demographic, and legal threats in the
environment.
7.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Valorization
Differentiation
