WGU C483 Principles of Management
Practice E x a m Questions a n d A n s w e r s
1. A value chain is the sequence of activities that begins with raw
materials. What result does a value chain end with?
ANS delivery of products and services
2. what happens when an effective value chain is created
ANS profit margins are increased
3. industry and market, competitor analysis, and social analysis are
examples of which step in strategic planning process
ANS analysis of exteral opportunities and threats
4. skilled management, positive cash flow, and well known brands
are examples of which component of the SWOT analysis
ANS strengths
5. what denotes skill or expertise in an activity that constitutes
the roots of competitiveness in an organization
ANS core competencies
6. according to michael porters competitive environment model,
how can sup- pliers influence strategic planning
1/
13
, ANS uppliers can reduce manufacturing time and increase product quality
7. a company offers unique products in its industry to create a
competitive advantage. which type of strategy is the company
using
ANS customization
8. happy inc., is a leading provider of family entertainment and BCD
is a broad- casting 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
ANS vertical integration
9. what is the first step of organizational strategic planning?
ANS developing internal
strengths
10. 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
services in the united states. what describes the owners dream?
ANS strategic planning
2/
13
Practice E x a m Questions a n d A n s w e r s
1. A value chain is the sequence of activities that begins with raw
materials. What result does a value chain end with?
ANS delivery of products and services
2. what happens when an effective value chain is created
ANS profit margins are increased
3. industry and market, competitor analysis, and social analysis are
examples of which step in strategic planning process
ANS analysis of exteral opportunities and threats
4. skilled management, positive cash flow, and well known brands
are examples of which component of the SWOT analysis
ANS strengths
5. what denotes skill or expertise in an activity that constitutes
the roots of competitiveness in an organization
ANS core competencies
6. according to michael porters competitive environment model,
how can sup- pliers influence strategic planning
1/
13
, ANS uppliers can reduce manufacturing time and increase product quality
7. a company offers unique products in its industry to create a
competitive advantage. which type of strategy is the company
using
ANS customization
8. happy inc., is a leading provider of family entertainment and BCD
is a broad- casting 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
ANS vertical integration
9. what is the first step of organizational strategic planning?
ANS developing internal
strengths
10. 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
services in the united states. what describes the owners dream?
ANS strategic planning
2/
13
