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Principles of Management Practice Questions C483 WGU(scored A)

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A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - ANSWER delivery of products and services what happens when an effective value chain is created - ANSWER profit margins are increased industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process - 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 - ANSWER strengths what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization - ANSWER core competencies according to michael porters competitive environment model, how can suppliers influence strategic planning - ANSWER uppliers can reduce manufacturing time and increase product quality

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