SWOT Study guides, Class notes & Summaries

Operations - ANSWERSThe process used to acquire inputs, such as people, capital, and material, and transform them into outputs, such as products and services. Operations Manager - ANSWERSThey allocate resources. Capital - ANSWERSFacilities and equipment Competitive Advantage - ANSWERSDeveloping capabilities that customers value, can be sustained over the long-term, and competitors find difficult to replicate. Inseparability - ANSWERSThe process of separating production from consumpti...

Principles of Marketing CLEP Exam Questions and Answers 100% Pass Marketing concept - Answer- The marketing management philosophy that holds that achieving organizational goals depends on determining the needs and wants of target markets and delivering desired satisfactions more effectively and efficiently than competitors. Six Primary Marketing functions - Answer- Environmental Analysis Consumer Analysis Product Planning Price Planning Promotion Planning Physical Distribution (Place)...

IAAP CAP EXAM RANDOM QUESTIONS Questions with 100% Correct Answers Updated & Verified what is Total Quality Management? - management system that uses strategy, data, and effective communication to continuously improve employee output. what is an acceptable way to greet people in the meeting in China? - a slight nod or bow is appropriate what is an acceptable way to greet people in the meeting from France? - shake hands when arriving and leaving a business meeting. However, the how highest-ran...

SIT Exam #1 Questions & Answers 2023/2024 Which of the following offers an example of where Porter's 5 forces are mostly weak and competition is low? - ANSWER-an international hotel chain purchasing milk Which of the following are included as potential internal weaknesses in a SWOT analysis that are harmful to an organization? - ANSWER-Lack of strategic direction, obsolete technologies, lack of management talent, outdated product line Information helps make better business decisions....

Management getting work done through others Organizational Strategy A corporate-level strategy that addresses the question "What business are we in?" and unites all parts of the organization. -Recognize threats and opportunities -Lead and organize resources to effectively compete in the marketplace -Accurately assessing and effectively responding to your environment is the threshold task Understanding of contextual landscapes depends on a firms ability to... -Strength...

Sport Marketing - ANSWER-The process of designing and implementing activities for the production, pricing, promotion, and distribution of a sport product or sport business product to satisfy the needs or desires of consumers and to achieve the company's objectives marketing plans - ANSWER-comprehensive strategic and tactical frameworks for identifying and achieving a sport organization's marketing goals and objectives marketing mix - ANSWER-the elements of product, price, place, and prom...

SMS Certification Review What should you do when managing a crisis? - A company should place response to the messages, explaining the problem and when it will be resolved on their social media account. What is the best practice for using curated content ethically? - You must create a new title, links to original sources and add personal editorial comments. What is the role of a Social Media Risk Manager? - Ensure all departments are preforming as expected to include the following: mo...

Test Prep - WGU - Principles of Management - C483, Exam Review Questions and answers, Rated A+ Delivery of products or services - -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. - -What happens when an effective value chain is created? Choose 1 answer Profit margins...

WGU C232: Introduction to Human Resource Management-All (Questions And Answers) 2024 Update WGU C232: Introduction to Human Resource Management-All (Questions And Answers) 2024 Update Managerial Estimates - Correct Answer-The most common method of estimating HR demand. These are typically made by top management (a top-down approach). Multiple Linear Regression - Correct Answer-An extension of simple linear regression analysis. However, instead of relating employment to just one variable...

5 functions of management - Answer-1. Planning 2. Organizing 3. Staffing 4. Directing 5. Controlling Functions of Management: C) Directing: communication - Answer-Transmitting and receiving information to bring about a desired action - feedback (response) tells you whether or not the correct message has been received - barriers: words not mutually understood, poor voice quality, illegible handwriting - listening skills are essential Functions of Management: A) Planning - Answer-1) ob...