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WGU C483 - Principles of Management - Test Prep EXAM QUESTION AND ANSWER LATEST 2024(A+ SCORE) $13.09   Add to cart

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WGU C483 - Principles of Management - Test Prep EXAM QUESTION AND ANSWER LATEST 2024(A+ SCORE)

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WGU C483 - Principles of Management - Test Prep EXAM QUESTION AND ANSWER LATEST 2024(A+ SCORE) QUESTION 1 A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with?

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  • September 3, 2024
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  • WGU C483
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WGU C483 - Principles of Management - Test Prep EXAM
QUESTION AND ANSWER LATEST 2024(A+ SCORE)


QUESTION 1

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



QUESTION 2

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.



QUESTION 3

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


WGU C483 - Principles of Management - Test Prep

,Analysis of external opportunities and threats

Analysis of internal strengths and weaknesses



QUESTION 4

Skilled management, positive cash flow, and well-known brands are examples of which component of
the SWOT analysis?

Threats

Strengths

Weaknesses

Opportunities



QUESTION 5

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



QUESTION 6

According to Michael Porter's competitive environment model, how can 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.



WGU C483 - Principles of Management - Test Prep

,QUESTION 7

A company offers unique products in its industry to create a competitive advantage.



Which type of strategy is the company using?

Valorization

Differentiation

Customization

Standardization



QUESTION 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.



Which type of corporate strategy is represented by Happy Inc.'s purchase of their distribution
network?



Choose 1 answer

Vertical integration

Strategic alliances

Networking

Horizontal benchmarking



QUESTION 9

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.



What describes the owner's dream?




WGU C483 - Principles of Management - Test Prep

, Choose 1 answer

Strategic vision

Strategic mission

Strategic planning

Strategic management



QUESTION 10

What is the first step of organizational strategic planning?



Choose 1 answer

Developing operational goals

Developing internal strengths

Developing a strategic mission

Developing external opportunities



QUESTION 11

The introduction of statistical tools to analyze the causes of product defects is associated with which
quality improvement approach?

Six Sigma

Flexible Process

Customer Process

Quality Customization



QUESTION 12

What is the principal idea of reengineering?



Choose 1 answer

To analyze system failures

To focus on creating two-way exchanges with customers


WGU C483 - Principles of Management - Test Prep

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