1 | Page
Test Prep - WGU - Principles of Management
- C483 Questions and Answers
Delivery of products or services
Ans: A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
Profit margins are increased.
Ans: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats
© 2025 All rights reserved
, 2 | Page
Ans: Industry and market analysis, competitor analysis, and social
analysis are examples of which step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
Strengths
Ans: Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies
Ans: What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product
quality.
© 2025 All rights reserved
, 3 | Page
Ans: According to Michael Porter's competitive environment model, how
can suppliers influence strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the
environment.
Differentiation
Ans: A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
Vertical integration
© 2025 All rights reserved
, 4 | Page
Ans: 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?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Strategic vision
Ans: 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
Developing a strategic mission
© 2025 All rights reserved
Test Prep - WGU - Principles of Management
- C483 Questions and Answers
Delivery of products or services
Ans: A value chain is the sequence of activities that begins with raw
materials.
What result does a value chain end with?
Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services
Profit margins are increased.
Ans: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats
© 2025 All rights reserved
, 2 | Page
Ans: Industry and market analysis, competitor analysis, and social
analysis are examples of which step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
Strengths
Ans: Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies
Ans: What denotes skills or expertise in an activity that constitutes the
roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product
quality.
© 2025 All rights reserved
, 3 | Page
Ans: According to Michael Porter's competitive environment model, how
can suppliers influence strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the
environment.
Differentiation
Ans: A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
Vertical integration
© 2025 All rights reserved
, 4 | Page
Ans: 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?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Strategic vision
Ans: 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
Developing a strategic mission
© 2025 All rights reserved
