WGU C483 Principles of Management OBJECTIVE
ASSESSMENT - Frequently Tested Exam Questions
With Verified Multiple Choice and Conceptual
Actual 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with? - ANSWER Delivery of products
or services
2. what happens when an effective value chain is created - ANSWER profit
margins are increased
3. industry and market, competitor analysis, and social analysis are examples
of which step in strategic planning process - ANSWER Analysis of
external opportunities and threats
4. Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis? - ANSWER
strengths
5. what denotes skill or expertise in an activity that constitutes the roots of
competitiveness in an organization - ANSWER core competencies
, 6. According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning? - ANSWER Suppliers can reduce
manufacturing time and increase product quality.
7. A company offers unique products in its industry to create a competitive
advantage.
Which type of strategy is the company using? - ANSWER customization
8. 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.
9. Which type of corporate strategy is represented by Happy Inc.'s purchase of
their distribution network? - ANSWER vertical integration
10.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.
11.What describes the owner's - ANSWER Strategic vision
12.what is the first step of organizational strategic planning? - ANSWER
developing internal strengths
ASSESSMENT - Frequently Tested Exam Questions
With Verified Multiple Choice and Conceptual
Actual 100% Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with? - ANSWER Delivery of products
or services
2. what happens when an effective value chain is created - ANSWER profit
margins are increased
3. industry and market, competitor analysis, and social analysis are examples
of which step in strategic planning process - ANSWER Analysis of
external opportunities and threats
4. Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis? - ANSWER
strengths
5. what denotes skill or expertise in an activity that constitutes the roots of
competitiveness in an organization - ANSWER core competencies
, 6. According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning? - ANSWER Suppliers can reduce
manufacturing time and increase product quality.
7. A company offers unique products in its industry to create a competitive
advantage.
Which type of strategy is the company using? - ANSWER customization
8. 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.
9. Which type of corporate strategy is represented by Happy Inc.'s purchase of
their distribution network? - ANSWER vertical integration
10.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.
11.What describes the owner's - ANSWER Strategic vision
12.what is the first step of organizational strategic planning? - ANSWER
developing internal strengths
