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WGU C483 Questions And Answers Latest Update

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WGU C483 Questions And Answers Latest Update

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  • October 31, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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WGU C483 Questions And Answers Latest
Update

Open Systems ANS✔✔ Organizations that are affected by, and that affect,
their environment.



Inputs ANS✔✔ Goods and services organizations take in and use to create
products or services.



Outputs ANS✔✔ The products and services organizations create.



External Environment ANS✔✔ All relevant forces outside a firm's
boundaries, such as competitors, customers, the government, and the
economy.



Competitive Environment ANS✔✔ The immediate environment surrounding
a firm; includes suppliers, customers, rivals, and the like.



Macroenvironment ANS✔✔ The general environment; includes
governments, economic conditions, and other fundamental factors that
generally affect all organizations.



Demographics ANS✔✔ Measures of various characteristics of the people
who make up groups or other social units.

, Solution 2024/2025
Pepper
Barriers to Entry ANS✔✔ Conditions that prevent new companies from
entering an industry.



Switching Costs ANS✔✔ Fixed costs buyers face when they change
suppliers.



Supply Chain Management ANS✔✔ The managing of the network of facilities
and people that obtain materials from outside the organization, transform
them into products, and distribute them to customers.



Final Consumer ANS✔✔ A customer who purchases products in their finished
form.



Intermediate Consumer ANS✔✔ A customer who purchases raw materials or
wholesale products before selling them to final customers.



Environmental Scanning ANS✔✔ Searching for and sorting through
information about the environment.



Competitive Intelligence ANS✔✔ Information that helps managers
determine how to compete better.



Scenario ANS✔✔ A narrative that describes a particular set of conditions.



Forecasting ANS✔✔ Method for predicting how variables will change the
future.

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