C483 WGU PA Exam Questions and
Answers 100% Solved | Rated A+
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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A company offers unique products in its industry to create a competitive
advantage. Which type of strategy is the company using? -
✔✔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
What is the first step of organizational strategic planning? - ✔✔Developing
strategic MISSION
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? - ✔✔Strategic VISION
The introduction of statistical tools to analyze the causes of product defects
is associated with which quality improvement approach? - ✔✔Six sigma