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C483 WGU PA, exam Review Questions and answers, 100% Accurate, VERIFIED 2024

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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? - -Delivery of products & services What happens when an effective value chain is created? - -Profit margins are increased Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process? - -Analysis of exteral opportunities and threats Skilled management, positive cash flow, and well known brands are examples of which component of the SWOT analysis? - -Strengths What denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization? - -Core competencies According to Michael Porters competitive environment model, how can suppliers influence strategic planning? - -Suppliers can reduce manufacturing time & increase product quality

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