WGU C483 EXAMINATION TEST TEST BANK
VIEW AHEAD EXAM 2026 GUARANTEED TO
PASS.
◍ Inputs. Ans: Goods and services organizations take in and use to
create products or services.
◍ Outputs. Ans: The products and services organizations create.
◍ External Environment. Ans: All relevant forces outside a firm's
boundaries, such as competitors, customers, the government, and the
economy.
◍ Competitive Environment. Ans: The immediate environment
surrounding a firm; includes suppliers, customers, rivals, and the like.
◍ Macroenvironment. Ans: The general environment; includes
governments, economic conditions, and other fundamental factors that
generally affect all organizations.
◍ Demographics. Ans: Measures of various characteristics of the
people who make up groups or other social units.
, ◍ Barriers to Entry. Ans: Conditions that prevent new companies
from entering an industry.
◍ Switching Costs. Ans: Fixed costs buyers face when they change
suppliers.
◍ Supply Chain Management. Ans: 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.
◍ Final Consumer. Ans: A customer who purchases products in their
finished form.
◍ Intermediate Consumer. Ans: A customer who purchases raw
materials or wholesale products before selling them to final
customers.
◍ Environmental Scanning. Ans: Searching for and sorting through
information about the environment.
◍ Competitive Intelligence. Ans: Information that helps managers
determine how to compete better.
◍ Scenario. Ans: A narrative that describes a particular set of
conditions.
VIEW AHEAD EXAM 2026 GUARANTEED TO
PASS.
◍ Inputs. Ans: Goods and services organizations take in and use to
create products or services.
◍ Outputs. Ans: The products and services organizations create.
◍ External Environment. Ans: All relevant forces outside a firm's
boundaries, such as competitors, customers, the government, and the
economy.
◍ Competitive Environment. Ans: The immediate environment
surrounding a firm; includes suppliers, customers, rivals, and the like.
◍ Macroenvironment. Ans: The general environment; includes
governments, economic conditions, and other fundamental factors that
generally affect all organizations.
◍ Demographics. Ans: Measures of various characteristics of the
people who make up groups or other social units.
, ◍ Barriers to Entry. Ans: Conditions that prevent new companies
from entering an industry.
◍ Switching Costs. Ans: Fixed costs buyers face when they change
suppliers.
◍ Supply Chain Management. Ans: 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.
◍ Final Consumer. Ans: A customer who purchases products in their
finished form.
◍ Intermediate Consumer. Ans: A customer who purchases raw
materials or wholesale products before selling them to final
customers.
◍ Environmental Scanning. Ans: Searching for and sorting through
information about the environment.
◍ Competitive Intelligence. Ans: Information that helps managers
determine how to compete better.
◍ Scenario. Ans: A narrative that describes a particular set of
conditions.
