WGU C483 EXAM QUESTIONS AND VERIFIED
ACCURATE SOLUTION |GET IT 100% ACCURATE
Small Business - ANSWER-A business having fewer than 100 employees, independently owned and
operated, not dominant in its field, and not characterized by many innovative practices.
Smoothing - ANSWER-Leveling normal fluctuations at the boundaries of the environment.
social enterprises - ANSWER-using market-based methods
Social entrepreneurship - ANSWER-leveraging resources to address social problems. Social
entrepreneurship creates social value by stimulating social change or meeting social needs
Stakeholders - ANSWER-Groups and individuals who affect and are affected by the achievement of the
organization's mission, goals, and strategies.
Strategic Control System - ANSWER-A system designed to support managers in evaluating the
organization's progress regarding its strategy and, when discrepancies exist, taking corrective action.
Strategic Goals - ANSWER-Major targets or results relating to the organization's long-term survival,
value, and growth.
Strategic Management - ANSWER-A process that involves managers from all parts of the organization in
the formulation and implementation of strategic goals and strategies.
Strategic Maneuvering - ANSWER-An organization's conscious efforts to change the boundaries of its
task environment.
Strategic Planning - ANSWER-A set of procedure for making decisions about the organization's long-term
goals and strategies.
, Strategic Vision - ANSWER-The long-term direction and strategic intent of a company.
Strategy - ANSWER-A pattern of actions and resource allocations designed to achieve the organization's
goals.
subscription model - ANSWER-charge a monthly or annual fee for site visits or access to site content
Supply Chain Management - ANSWER-The managing of the network of facilities and people that obtain
materials from outside the organization, transform them into products, and distribute them to
customers.
Switching Costs - ANSWER-Fixed costs buyers face when they change suppliers.
SWOT Analysis - ANSWER-A comparison of strengths, weaknesses, opportunities, and threats that helps
executives formulate strategy.
Tactical Planning - ANSWER-A set of procedures for translating broad strategic goals and plans into
specific goals and plans that are relevant to a distinct portion of the organization, such as a functional
area like marketing.
transaction fee model - ANSWER-companies charge a fee for goods or services
Acquisition - ANSWER-One firm buying another.
advertising support model - ANSWER-advertisers pay the site operator to gain access to the
demographic group that visits the operator's site
affiliate model - ANSWER-sites pay commissions to other sites to drive business to their own sites
Barriers to Entry - ANSWER-Conditions that prevent new companies from entering an industry.
Benchmarking - ANSWER-The process of comparing an organization's practices and technologies with
those of other companies.
ACCURATE SOLUTION |GET IT 100% ACCURATE
Small Business - ANSWER-A business having fewer than 100 employees, independently owned and
operated, not dominant in its field, and not characterized by many innovative practices.
Smoothing - ANSWER-Leveling normal fluctuations at the boundaries of the environment.
social enterprises - ANSWER-using market-based methods
Social entrepreneurship - ANSWER-leveraging resources to address social problems. Social
entrepreneurship creates social value by stimulating social change or meeting social needs
Stakeholders - ANSWER-Groups and individuals who affect and are affected by the achievement of the
organization's mission, goals, and strategies.
Strategic Control System - ANSWER-A system designed to support managers in evaluating the
organization's progress regarding its strategy and, when discrepancies exist, taking corrective action.
Strategic Goals - ANSWER-Major targets or results relating to the organization's long-term survival,
value, and growth.
Strategic Management - ANSWER-A process that involves managers from all parts of the organization in
the formulation and implementation of strategic goals and strategies.
Strategic Maneuvering - ANSWER-An organization's conscious efforts to change the boundaries of its
task environment.
Strategic Planning - ANSWER-A set of procedure for making decisions about the organization's long-term
goals and strategies.
, Strategic Vision - ANSWER-The long-term direction and strategic intent of a company.
Strategy - ANSWER-A pattern of actions and resource allocations designed to achieve the organization's
goals.
subscription model - ANSWER-charge a monthly or annual fee for site visits or access to site content
Supply Chain Management - ANSWER-The managing of the network of facilities and people that obtain
materials from outside the organization, transform them into products, and distribute them to
customers.
Switching Costs - ANSWER-Fixed costs buyers face when they change suppliers.
SWOT Analysis - ANSWER-A comparison of strengths, weaknesses, opportunities, and threats that helps
executives formulate strategy.
Tactical Planning - ANSWER-A set of procedures for translating broad strategic goals and plans into
specific goals and plans that are relevant to a distinct portion of the organization, such as a functional
area like marketing.
transaction fee model - ANSWER-companies charge a fee for goods or services
Acquisition - ANSWER-One firm buying another.
advertising support model - ANSWER-advertisers pay the site operator to gain access to the
demographic group that visits the operator's site
affiliate model - ANSWER-sites pay commissions to other sites to drive business to their own sites
Barriers to Entry - ANSWER-Conditions that prevent new companies from entering an industry.
Benchmarking - ANSWER-The process of comparing an organization's practices and technologies with
those of other companies.
