WGU C712 Sample Exam Questions with Verified Answers

WGU C712 Sample Exam Questions with Verified Answers An online retail store is involved in shipping goods from their stores to consumers who have bought products online. What marketing functions is the store performing ( A. Distribution function B. Exchange function C. Facilitating function Exchange function Which of the following statements represent strategic planning level for a company. A. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. B. Company chooses to diversify into Oil and Natural gas exploration C. Company plans to create new policies to hire people D. Company creates an action plan to manage quarterly budgets A. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate B. Company chooses to diversify into Oil and Natural gas exploration What type of utility is being provided here? Wintergreen Tic-Tacs are placed near the check out counter of a Grocery store. A. Form B. Place C. Possession D. Time B. Place A local pizza restaurant sees large number of pizza places in its vicinity. This results in low switching costs for the customer. Low switching costs represents ------------------- force in Porter's five forces model. A. Threat of substitute products B. Threat of new entrants C. Bargaining power of suppliers D. Bargaining power of buyers E. Competitive rivalry D. Bargaining power of buyers Pam is planning to open a home cleaning business. She conducts a situational analysis and notes that there are many home-cleaning businesses that are operating in her area. Which of the Porter's five forces do the competition represent to Pam A. Threat of substitute products B. Competitive rivalry C. Bargaining power of buyers D. Bargaining power of suppliers C. Bargaining power of buyers If the statement " late entrants often are more successful than their pioneering competitors" is true, identify the reason/s why this statement is true. CHECK ALL THAT APPLY * A. First mover pays a steep price in creating the product B. Second mover or late entrant can learn from the experience of the pioneer C. Late entrants enjoy lower costs of developing the product D. Late entrants have deeper pockets (more money) Second mover or late entrant can learn from the experience of the pioneer Late entrants enjoy lower costs of developing the product In recent years sales of desktop computers dropped. This is because consumers purchased notebooks instead of desktops. Notebooks competing with desktops is representing what type of competition? * A. Monopolistic B. Monopoly C. Indirect