WGU D490 MSCIA GRADUATE CAPSTONE
TASK 3 ACTUAL TASK QUESTIONS AND
SOLVED ANSWERS
◉ Internal Information.
Answer: information about the organization
◉ External Information.
Answer: information about the environment in which the
organization operates
◉ Objective Information.
Answer: known, measurable information
◉ Subjective Information.
Answer: estimates, unknowns, educated guesses
◉ Break Even Analysis (Definition and a tip).
Answer: When (Revenue - Variable Cost) times number of units sold
is greater than or equal to Fixed Cost, you have broken even (Tip)
Use Technology to reduce fixed or variable costs and increase
revenue
,◉ Fixed Cost (Part of break-even analysis).
Answer: amount you spend no matter how much you sell (rent,
design, advertising)
◉ Variable Cost (part of break-even analysis).
Answer: unit price of labor and materials
◉ Revenue (part of break-even analysis).
Answer: how much you sell each unit for
◉ Delete this card.
Answer: Delete this card
◉ Competitive Advantage.
Answer: Providing more value than the competition
◉ Porter's Five Forces.
Answer: Buyer Power, Supplier Power, Threat of Substitutes, Threat
of New Entrants, Competitive Rivalry
◉ Buyer Power.
,Answer: (One of Porter's Five Forces) customers have many choices
and low switching costs, reduce their power by locking customers
into your product or service
◉ Supplier Power.
Answer: (One of Porter's Five Forces) customers have few choices
and high switching costs
◉ Threat of Substitutes.
Answer: (One of Porter's Five Forces) alternatives to a given product
or service
◉ Threat of New Entrants.
Answer: (One of Porter's Five Forces) how easily someone else can
come in and copy what you're doing
◉ Competitive Rivalry.
Answer: (One of Porter's Five Forces) how hard competitors
compete against each other, do they collude on pricing or try to
undercut each other
◉ Porter's 3 Strategies.
Answer: Focus, Differentiation, Cost Leadership
, ◉ Porter's Focus Strategy.
Answer: provide something no one else does, narrow or niche
strategy
◉ Porter's Differentiation strategy.
Answer: offer similar products but a unique experience
◉ Porter's Cost Leadership strategy.
Answer: offer the same product at a better price
◉ Information Systems (8 types).
Answer: 1. Supply Chain Management, 2.Customer Relationship
Management, 3.Partner Relationship Management, 4.Knowledge
Management, 5.Human Resource Information System, 6.Finance
Information System, 7.Accounting Information System, 8.Enterprise
Resource Planning
◉ SCM.
Answer: Supply Chain Management
◉ Supply Chain Management.
Answer: tracking of inventory, production, distribution, and other
aspects of the product lifecycle to ensure each department's actions
coordinate with those of others
TASK 3 ACTUAL TASK QUESTIONS AND
SOLVED ANSWERS
◉ Internal Information.
Answer: information about the organization
◉ External Information.
Answer: information about the environment in which the
organization operates
◉ Objective Information.
Answer: known, measurable information
◉ Subjective Information.
Answer: estimates, unknowns, educated guesses
◉ Break Even Analysis (Definition and a tip).
Answer: When (Revenue - Variable Cost) times number of units sold
is greater than or equal to Fixed Cost, you have broken even (Tip)
Use Technology to reduce fixed or variable costs and increase
revenue
,◉ Fixed Cost (Part of break-even analysis).
Answer: amount you spend no matter how much you sell (rent,
design, advertising)
◉ Variable Cost (part of break-even analysis).
Answer: unit price of labor and materials
◉ Revenue (part of break-even analysis).
Answer: how much you sell each unit for
◉ Delete this card.
Answer: Delete this card
◉ Competitive Advantage.
Answer: Providing more value than the competition
◉ Porter's Five Forces.
Answer: Buyer Power, Supplier Power, Threat of Substitutes, Threat
of New Entrants, Competitive Rivalry
◉ Buyer Power.
,Answer: (One of Porter's Five Forces) customers have many choices
and low switching costs, reduce their power by locking customers
into your product or service
◉ Supplier Power.
Answer: (One of Porter's Five Forces) customers have few choices
and high switching costs
◉ Threat of Substitutes.
Answer: (One of Porter's Five Forces) alternatives to a given product
or service
◉ Threat of New Entrants.
Answer: (One of Porter's Five Forces) how easily someone else can
come in and copy what you're doing
◉ Competitive Rivalry.
Answer: (One of Porter's Five Forces) how hard competitors
compete against each other, do they collude on pricing or try to
undercut each other
◉ Porter's 3 Strategies.
Answer: Focus, Differentiation, Cost Leadership
, ◉ Porter's Focus Strategy.
Answer: provide something no one else does, narrow or niche
strategy
◉ Porter's Differentiation strategy.
Answer: offer similar products but a unique experience
◉ Porter's Cost Leadership strategy.
Answer: offer the same product at a better price
◉ Information Systems (8 types).
Answer: 1. Supply Chain Management, 2.Customer Relationship
Management, 3.Partner Relationship Management, 4.Knowledge
Management, 5.Human Resource Information System, 6.Finance
Information System, 7.Accounting Information System, 8.Enterprise
Resource Planning
◉ SCM.
Answer: Supply Chain Management
◉ Supply Chain Management.
Answer: tracking of inventory, production, distribution, and other
aspects of the product lifecycle to ensure each department's actions
coordinate with those of others
