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WGU C720 Operations and Supply Chain Management Exam Guide Answers |Latest 2025 | Guaranteed Pass.

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WGU C720 Operations and Supply Chain Management Exam Guide Answers |Latest 2025 | Guaranteed Pass.

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WGU C720 Operations and Supply Chain Management Exam Guide Answers |Latest 2025 |
Guaranteed Pass.





Operations Management - (ANSWER)The multidisciplinary science that organizations use to acquire
inputs (people, capital, material, or energy and transform them into outputs (products and/or services)
that ultimately provide value to the end customer



Biggest difference between Service Providers and Goods Producers - (ANSWER)A good is tangible and a
service is not



Resources - (ANSWER)People, Capital, and Materials



Product Design - (ANSWER)The determination of the characteristics, features, and performance of the
product



Product Technology - (ANSWER)The application of knowledge to improve the product



Process - (ANSWER)Describes how to accomplish a task



Process Design - (ANSWER)Describes how a product is made



Process Technology - (ANSWER)The application of knowledge to improve a process



Teamwork Approach - (ANSWER)In managing operation can help solve quality and productivity
problems



Strategy - (ANSWER)Consists of the organizational goals and the methods for implementing the goals,
called key procedures



Business Process - (ANSWER)A set of work activities with a preferred order, and identifiable beginning
and end, inputs, and clearly defined outputs that add value to the customer

, WGU C720 Operations and Supply Chain Management Exam Guide Answers |Latest 2025 |
Guaranteed Pass.





Plan - (ANSWER)List of actions that management expects to take



Organizational Structure - (ANSWER)The infrastructure of formal relationships among different functions
or subsystems, such as marketing, finance, and operations



Relative Advantage - (ANSWER)The difference between the lowest cost producer and the next lower
cost producer



Ethics - (ANSWER)A sense of what is right and what is wrong that guide behavior



Sustainability - (ANSWER)Reflects the efforts organizations are expected to make to balance their
interconnected obligations to economic viability, the societies in which they operate, and the natural
environment



Competitive Advantage - (ANSWER)A capability that customers value, such as short delivery lead-time or
high product quality that gives an organization an edge against its competition



Market Share - (ANSWER)A company's sales divided by the sales of all companies in its industry



Product Development - (ANSWER)A teamwork oriented process that begins with the organization's
strategy and analysis of the markets as inputs



Supply Chain - (ANSWER)Commonly used to refer to the network of organizations that participate in
producing goods or producing services



Focal Firm - (ANSWER)Directs the flow of information much like a conductor coordinates the activities of
an orchestra



Vertical Intergration - (ANSWER)Owning multiple assets in a supply chain

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