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WGU C483 PRINCIPLES OF MANAGEMENT OA AND
PA 2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
When resources are valuable, rare, inimitable and organized. A
"core capability" is a unique skill and/or knowledge an
organization possesses that gives it an edge over competitors. -
ANSWERS-Explain what a Core Competency/Capability means
for an organization:
Porter's Five Forces is a model that identifies and analyzes five
competitive forces that shape every industry and helps determine
an industry's weaknesses and strengths. Porter's model is an
excellent method to help managers analyze the competitive
environment & adapt to or influence the nature of their
competition. -ANSWERS-Describe what Porter's Five Forces
Model is and how it is used in the strategic planning process:
Strengths & weaknesses (both internal resources), opportunities
and threats(both external resources).SWOT analysis help
managers summarize the relevant, important facts from their
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external and internal analysis. They can identify primary and
secondary strategic issues their organization faces. -ANSWERS-
Explain the components of a SWOT analysis and how it is used in
the strategic planning process.
Vertical integration is a strategy used by a company to gain
control over its suppliers or distributors in order to increase the
firm's power in the marketplace, reduce transaction costs and
secure supplies or distribution channels -ANSWERS-What is a
vertical integration strategy?
Forward integration is a strategy where a firm gains ownership or
increased control over its previous customers (distributors or
retailers). -ANSWERS-What is a forward integration strategy?
Backward integration is a strategy where a firm gains ownership
or increased control over its previous suppliers -ANSWERS-What
is a backward integration strategy?
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1. Low-cost strategies (efficient, offer a standard, no-frills product.
Think Walmart. An organization using this strategy must generally
be the cost leader in its industry)
2. Differentiation strategy (company attempts to be unique along
some dimension that customers value - high product quality,
excellent marketing and distribution, superior service). -
ANSWERS-Understand the two kinds of business strategies that
companies can use to gain competitive advantage:
1. Low-cost
2. Differentiation -ANSWERS-What are the two types of business
strategies that companies can use to gain a competitive
advantage?
1. Establishment of mission, values and goals.
2. Analysis of external opportunities and threats.
3. Analysis of internal strengths and weaknesses.
4. SWOT - strengths, weaknesses, opportunities, threats-
analysis and strategy formulation.
WGU C483 PRINCIPLES OF MANAGEMENT OA AND
PA 2025/2026 NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND VERIFIED ANSWERS |ALREADY GRADED
A+|
When resources are valuable, rare, inimitable and organized. A
"core capability" is a unique skill and/or knowledge an
organization possesses that gives it an edge over competitors. -
ANSWERS-Explain what a Core Competency/Capability means
for an organization:
Porter's Five Forces is a model that identifies and analyzes five
competitive forces that shape every industry and helps determine
an industry's weaknesses and strengths. Porter's model is an
excellent method to help managers analyze the competitive
environment & adapt to or influence the nature of their
competition. -ANSWERS-Describe what Porter's Five Forces
Model is and how it is used in the strategic planning process:
Strengths & weaknesses (both internal resources), opportunities
and threats(both external resources).SWOT analysis help
managers summarize the relevant, important facts from their
, Page |2
external and internal analysis. They can identify primary and
secondary strategic issues their organization faces. -ANSWERS-
Explain the components of a SWOT analysis and how it is used in
the strategic planning process.
Vertical integration is a strategy used by a company to gain
control over its suppliers or distributors in order to increase the
firm's power in the marketplace, reduce transaction costs and
secure supplies or distribution channels -ANSWERS-What is a
vertical integration strategy?
Forward integration is a strategy where a firm gains ownership or
increased control over its previous customers (distributors or
retailers). -ANSWERS-What is a forward integration strategy?
Backward integration is a strategy where a firm gains ownership
or increased control over its previous suppliers -ANSWERS-What
is a backward integration strategy?
, Page |3
1. Low-cost strategies (efficient, offer a standard, no-frills product.
Think Walmart. An organization using this strategy must generally
be the cost leader in its industry)
2. Differentiation strategy (company attempts to be unique along
some dimension that customers value - high product quality,
excellent marketing and distribution, superior service). -
ANSWERS-Understand the two kinds of business strategies that
companies can use to gain competitive advantage:
1. Low-cost
2. Differentiation -ANSWERS-What are the two types of business
strategies that companies can use to gain a competitive
advantage?
1. Establishment of mission, values and goals.
2. Analysis of external opportunities and threats.
3. Analysis of internal strengths and weaknesses.
4. SWOT - strengths, weaknesses, opportunities, threats-
analysis and strategy formulation.
