WGU D322 EXAM SCRIPT COMPREHENSIVE
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ Profit margins are increased.. Answer: What happens when an
effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
◉ Analysis of external opportunities and threats. Answer: 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
,◉ Strengths. Answer: Skilled management, positive cash flow, and
well-known brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
◉ Core competencies. Answer: What denotes skills or expertise in an
activity that constitutes the roots of competitiveness in an
organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
◉ Suppliers can reduce manufacturing time and increase product
quality.. Answer: 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.
◉ Differentiation. Answer: 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
◉ Vertical integration. Answer: 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?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
, ◉ Strategic vision. Answer: 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
◉ Developing a strategic mission. Answer: What is the first step of
organizational strategic planning?
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
TEST BANK REVIEW SHEET SOLVED
QUESTIONS AND ANSWERS
◉ Profit margins are increased.. Answer: What happens when an
effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
◉ Analysis of external opportunities and threats. Answer: 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
,◉ Strengths. Answer: Skilled management, positive cash flow, and
well-known brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
◉ Core competencies. Answer: What denotes skills or expertise in an
activity that constitutes the roots of competitiveness in an
organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
◉ Suppliers can reduce manufacturing time and increase product
quality.. Answer: 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.
◉ Differentiation. Answer: 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
◉ Vertical integration. Answer: 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?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
, ◉ Strategic vision. Answer: 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
◉ Developing a strategic mission. Answer: What is the first step of
organizational strategic planning?
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
