WGU D081 Version 5/QBM3 Task 1 Updated
with complete solution
An organizational priority that identifies a direction or strategic area of focus -
ANSWER>>Initiative
Business-level strategy that seeks to outcompete rivals on price - ANSWER>>Cost
Leadership Strategy
Business-level strategy of establishing competitive advantage through adding
value to a product or service to accompany a higher price point -
ANSWER>>Differentiation Strategy
Business-level strategy of delivering unique value to a narrow target audience at a
high price point - ANSWER>>Focused Differentiation Strategy
Business-level strategy where an organization seeks to provide more value than
an average competitor at a moderate cost - ANSWER>>Integrated Strategy
Business-level strategy of competing based on price to a narrow target market -
ANSWER>>Focused low-cost Leadership Strategy
Cost-Leadership - ANSWER>>A company is known for selling its products at low
prices to encourage customer repurchases.
Which strategy does the company use?
Organizations make strategic decisions at the business level about where they will
operate, how they will grow, and which type of competitive advantage they will
pursue in delivering value to target customers. Some key strategic decisions
,include competitive strategy, whether to pursue growth through acquisition, and
whether to develop an international offering. - ANSWER>>Key Point
Business-level competitive strategies include low-cost leadership, differentiation,
focused differentiation, integrated, and focused low-cost leadership. Low-cost
leadership prices products lower than competitors. Focused low-cost leadership
does this within a narrow market. Differentiation seeks to deliver added value to
separate a company's products from the competition. Focused differentiation
does this within a narrow market with increased emphasis on uniqueness.
Integrated strategy seeks to offer products or services with added value but at a
moderate cost. - ANSWER>>Key Point
Product Line - ANSWER>>Which internal factor in the SWOT analysis represents
an organization's strengths and weaknesses?
Outdated technology training - ANSWER>>A consulting firm has completed a
SWOT analysis and plans on focusing on the internal factors that have been
identified during the next quarter.
Which internal factor should be noted by this firm?
SWOT analysis provides an organization with a view of the current state of the
company and the industry. It can help identify core competencies to maximize
their use, identify risks to be managed, and inform the strategic direction of the
organization. - ANSWER>>Key Point
The elements of SWOT analysis look at internal and external factors that impact
the organization. Strengths and weaknesses are the internal factors within a
company's control. Opportunities and threats are elements of the external
business environment that are outside the direct influence of the company. -
ANSWER>>Key Point
Identifying strategic themes in the SWOT analysis helps leaders make
recommendations about strategic direction. A SWOT analysis can be used at the
, organizational level to inform business-level strategic decisions and can also be
applied at the project level to evaluate potential solutions. - ANSWER>>Key Point
SWOT - ANSWER>>An organization is interested in changing its strategy to gain
sustainability in the food market. They begin by assessing their competitors,
internal operations, competencies, growth potential, and external risks.
Which form of analysis is being used?
Increased Demand - ANSWER>>Which factor represents a business opportunity in
a SWOT analysis?
Test Viability - ANSWER>>A business owner conducts a SWOT analysis and
recognizes an opportunity. She plans to design a product to capture the market
opportunity and wants to determine if the item will generate the customer
interest identified in the analysis.
Which action should she take to obtain this information?
A SWOT analysis is a structured decision-making tool used for strategic planning.
It allows a business to brainstorm possible strengths, weaknesses, opportunities,
or threats that it may not have previously considered. - ANSWER>>Key Point
A SWOT analysis helps the analyzer feel more confident that a complete picture
has been developed before making a decision. Soliciting input from many
stakeholders can also provide a more detailed snapshot of the current state of a
business in a competitive environment. The Ryans, for example, might not have
considered making and selling cheese as a possible option for their business
without taking the time to develop thoughtful questions and then research
ANSWERs. - ANSWER>>Key Point
All business owners evaluate the current fit between their businesses' current
internal environment and the external environment in which it competes. -
ANSWER>>Key Point
with complete solution
An organizational priority that identifies a direction or strategic area of focus -
ANSWER>>Initiative
Business-level strategy that seeks to outcompete rivals on price - ANSWER>>Cost
Leadership Strategy
Business-level strategy of establishing competitive advantage through adding
value to a product or service to accompany a higher price point -
ANSWER>>Differentiation Strategy
Business-level strategy of delivering unique value to a narrow target audience at a
high price point - ANSWER>>Focused Differentiation Strategy
Business-level strategy where an organization seeks to provide more value than
an average competitor at a moderate cost - ANSWER>>Integrated Strategy
Business-level strategy of competing based on price to a narrow target market -
ANSWER>>Focused low-cost Leadership Strategy
Cost-Leadership - ANSWER>>A company is known for selling its products at low
prices to encourage customer repurchases.
Which strategy does the company use?
Organizations make strategic decisions at the business level about where they will
operate, how they will grow, and which type of competitive advantage they will
pursue in delivering value to target customers. Some key strategic decisions
,include competitive strategy, whether to pursue growth through acquisition, and
whether to develop an international offering. - ANSWER>>Key Point
Business-level competitive strategies include low-cost leadership, differentiation,
focused differentiation, integrated, and focused low-cost leadership. Low-cost
leadership prices products lower than competitors. Focused low-cost leadership
does this within a narrow market. Differentiation seeks to deliver added value to
separate a company's products from the competition. Focused differentiation
does this within a narrow market with increased emphasis on uniqueness.
Integrated strategy seeks to offer products or services with added value but at a
moderate cost. - ANSWER>>Key Point
Product Line - ANSWER>>Which internal factor in the SWOT analysis represents
an organization's strengths and weaknesses?
Outdated technology training - ANSWER>>A consulting firm has completed a
SWOT analysis and plans on focusing on the internal factors that have been
identified during the next quarter.
Which internal factor should be noted by this firm?
SWOT analysis provides an organization with a view of the current state of the
company and the industry. It can help identify core competencies to maximize
their use, identify risks to be managed, and inform the strategic direction of the
organization. - ANSWER>>Key Point
The elements of SWOT analysis look at internal and external factors that impact
the organization. Strengths and weaknesses are the internal factors within a
company's control. Opportunities and threats are elements of the external
business environment that are outside the direct influence of the company. -
ANSWER>>Key Point
Identifying strategic themes in the SWOT analysis helps leaders make
recommendations about strategic direction. A SWOT analysis can be used at the
, organizational level to inform business-level strategic decisions and can also be
applied at the project level to evaluate potential solutions. - ANSWER>>Key Point
SWOT - ANSWER>>An organization is interested in changing its strategy to gain
sustainability in the food market. They begin by assessing their competitors,
internal operations, competencies, growth potential, and external risks.
Which form of analysis is being used?
Increased Demand - ANSWER>>Which factor represents a business opportunity in
a SWOT analysis?
Test Viability - ANSWER>>A business owner conducts a SWOT analysis and
recognizes an opportunity. She plans to design a product to capture the market
opportunity and wants to determine if the item will generate the customer
interest identified in the analysis.
Which action should she take to obtain this information?
A SWOT analysis is a structured decision-making tool used for strategic planning.
It allows a business to brainstorm possible strengths, weaknesses, opportunities,
or threats that it may not have previously considered. - ANSWER>>Key Point
A SWOT analysis helps the analyzer feel more confident that a complete picture
has been developed before making a decision. Soliciting input from many
stakeholders can also provide a more detailed snapshot of the current state of a
business in a competitive environment. The Ryans, for example, might not have
considered making and selling cheese as a possible option for their business
without taking the time to develop thoughtful questions and then research
ANSWERs. - ANSWER>>Key Point
All business owners evaluate the current fit between their businesses' current
internal environment and the external environment in which it competes. -
ANSWER>>Key Point
