WGU C483 Principles of Management ,High Yield
Questions and Answers |100% Accurate and Guarantee
Pass |Most Highly Tested Questions and Well Verified
Answers |Graded A+ ,Reviewed and Rationalized
|Latest Exam and Newest Version!!!!
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
ANS: >> Strengths
A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
ANS: >> Delivery of products or services
,What happens when an effective value chain is created?
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
ANS: >> Profit margins are increased.
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?
Strategic vision
Strategic mission
Strategic planning
Strategic management
ANS: >> Strategic vision
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
ANS: >> Analysis of external opportunities and threats
,What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Strategic values
Core competencies
Products and services
Opportunities and threats
ANS: >> Core competencies
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.
ANS: >> Suppliers 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?
Valorization
Differentiation
Customization
Standardization
ANS: >> Differentiation
, 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?
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
ANS: >> Vertical integration
What is the first step of organizational strategic planning?
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
ANS: >> Developing a strategic mission
The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
Six Sigma
Flexible Process
Customer Process
Quality Customization
ANS: >> Six Sigma
Questions and Answers |100% Accurate and Guarantee
Pass |Most Highly Tested Questions and Well Verified
Answers |Graded A+ ,Reviewed and Rationalized
|Latest Exam and Newest Version!!!!
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
ANS: >> Strengths
A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
ANS: >> Delivery of products or services
,What happens when an effective value chain is created?
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
ANS: >> Profit margins are increased.
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?
Strategic vision
Strategic mission
Strategic planning
Strategic management
ANS: >> Strategic vision
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
ANS: >> Analysis of external opportunities and threats
,What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Strategic values
Core competencies
Products and services
Opportunities and threats
ANS: >> Core competencies
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.
ANS: >> Suppliers 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?
Valorization
Differentiation
Customization
Standardization
ANS: >> Differentiation
, 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?
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
ANS: >> Vertical integration
What is the first step of organizational strategic planning?
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
ANS: >> Developing a strategic mission
The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
Six Sigma
Flexible Process
Customer Process
Quality Customization
ANS: >> Six Sigma
