Principles of Management – WGU C483 | PA (Questions
With Accurate Solutions
Industry and market analysis, competitor analysis, and social analysis are
examples of which step in the strategic planning process?
A. Analysis of mission, vision, and goals
B. Analysis of management implementation
C. Analysis of external opportunities and threats
D. Analysis of internal strengths and weaknesses Correct Answer - C
Skilled management, positive cash flow, and well-known brands are examples
of which component of the SWOT analysis?
A. Threats
B. Strengths
C. Weaknesses
D. Opportunities Correct Answer - B
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization?
A. Strategic values
B. Core capabilities
C. Products and services
D. Opportunities and threats Correct Answer - B
According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning?
A. Suppliers can reduce the threat from substitute products.
B. Suppliers can reduce the numbers of new entrants in the market.
C. Suppliers can reduce manufacturing time and increase product quality.
D. Supplier can reduce technological, demographic, and legal threats in the
environment. Correct Answer - C
A company offers unique products in its industry to create a competitive
advantage.
, Which type of strategy is the company using?
A. Valorization
B. Differentiation
C. Customization
D. Standardization Correct Answer - B
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?
A. Vertical integration
B. Strategic alliances
C. Networking
D. Horizontal benchmarking Correct Answer - A
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?
A. Strategic vision
B. Strategic mission
C. Strategic planning
D. Strategic management Correct Answer - A
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
A. Supply and demand
B. Operations and logistics
C. Outsourcing or insourcing
D. Delivery of products or services Correct Answer - D
With Accurate Solutions
Industry and market analysis, competitor analysis, and social analysis are
examples of which step in the strategic planning process?
A. Analysis of mission, vision, and goals
B. Analysis of management implementation
C. Analysis of external opportunities and threats
D. Analysis of internal strengths and weaknesses Correct Answer - C
Skilled management, positive cash flow, and well-known brands are examples
of which component of the SWOT analysis?
A. Threats
B. Strengths
C. Weaknesses
D. Opportunities Correct Answer - B
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization?
A. Strategic values
B. Core capabilities
C. Products and services
D. Opportunities and threats Correct Answer - B
According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning?
A. Suppliers can reduce the threat from substitute products.
B. Suppliers can reduce the numbers of new entrants in the market.
C. Suppliers can reduce manufacturing time and increase product quality.
D. Supplier can reduce technological, demographic, and legal threats in the
environment. Correct Answer - C
A company offers unique products in its industry to create a competitive
advantage.
, Which type of strategy is the company using?
A. Valorization
B. Differentiation
C. Customization
D. Standardization Correct Answer - B
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?
A. Vertical integration
B. Strategic alliances
C. Networking
D. Horizontal benchmarking Correct Answer - A
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?
A. Strategic vision
B. Strategic mission
C. Strategic planning
D. Strategic management Correct Answer - A
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
A. Supply and demand
B. Operations and logistics
C. Outsourcing or insourcing
D. Delivery of products or services Correct Answer - D
