Principles of Management Practice Questions C483 WGU questions with complete solutions

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? correct answer: delivery of products and services what happens when an effective value chain is created correct answer: profit margins are increased industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process correct answer: analysis of exteral opportunities and threats skilled management, positive cash flow, and well known brands are examples of which component of the SWOT analysis correct answer: strengths what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization correct answer: core competencies according to michael porters competitive environment model, how can suppliers influence strategic planning correct answer: uppliers can reduce manufacturing time and increase product quality a company offers unique products in its industry to create a competitive advantage. which type of strategy is the company using correct answer: customization 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 correct answer: vertical integration