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C483 Questions and Correct Answers/
Latest Update / Already Graded
A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Ans: Delivery of products or services
What happens when an effective value chain is created?
Ans: Profit margins are increased
Industry and market analysis, competitor analysis, and social analysis
are examples of which step in the strategic planning process?
Ans: Analysis of external opportunities and threats
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
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Ans: Strength
What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Ans: Core competencies
According to Michael Porter's competitive environment model, how
can suppliers influence strategic planning?
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
Ans: customization
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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
Ans: vertical integration
what is the first step of organizational strategic planning?
Ans: establishment of mission, vision, and goals
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.
C483 Questions and Correct Answers/
Latest Update / Already Graded
A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Ans: Delivery of products or services
What happens when an effective value chain is created?
Ans: Profit margins are increased
Industry and market analysis, competitor analysis, and social analysis
are examples of which step in the strategic planning process?
Ans: Analysis of external opportunities and threats
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
,2 | Page
Ans: Strength
What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Ans: Core competencies
According to Michael Porter's competitive environment model, how
can suppliers influence strategic planning?
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
Ans: customization
, 3 | Page
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
Ans: vertical integration
what is the first step of organizational strategic planning?
Ans: establishment of mission, vision, and goals
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.
