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Terms in this set (105)
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 are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
,Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
Analysis of external opportunities and threats 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 Skilled management, positive cash flow, and well-known brands are examples
of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
, Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
Core competencies 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 According to Michael Porter's competitive environment model, how can
product quality. 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.
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
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Prep Principles
–
TestWGU
Prepof
Principles
–
Management
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C483
Summary,
Review
– Exam
Summary,
Business
Review Management
Summary,
Business Management
Business
Study Guide
Management
Study
& Certification
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& Certification
Guide
Prep 2026
& Certification
Prep
(Author_
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Test Prep – WGU Principles of
Management C483 – Exam
Review Summary, Business
Management Study Guide &
Certification Prep 2026
(Author: Not specified)
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Principles
–
Management
WGU of Principles
Management
C483of–
Management
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C483
Summary,
Review
– Exam
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Business
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Study Guide
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Study
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Guide
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,Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
Terms in this set (105)
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 are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
,Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
Analysis of external opportunities and threats 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 Skilled management, positive cash flow, and well-known brands are examples
of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
, Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
Core competencies 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 According to Michael Porter's competitive environment model, how can
product quality. 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.
Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf Test Prep - WGU - Principles of Management - C483.pdf
