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Test Prep - WGU - Principles of Management - C483 Exam Questions and Answers 100% Solved $11.49   Add to cart
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Test Prep - WGU - Principles of Management - C483 Exam Questions and Answers 100% Solved
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Test Prep - WGU - Principles of Management - C483 Exam Questions and Answers 100% Solved 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 ...

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  • October 23, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Test Prep - WGU - Principles of

Management - C483 Exam Questions

and Answers 100% Solved


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 - ✔✔Delivery of products or services

What happens when an effective value chain is created?



Choose 1 answer

Profit margins are increased.

A mission statement is developed.

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Customized products are standardized.

Total quality management is not required. - ✔✔Profit margins are

increased.

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

Analysis of external opportunities and threats

Analysis of internal strengths and weaknesses - ✔✔Analysis of external

opportunities and threats

Skilled management, positive cash flow, and well-known brands are

examples of which component of the SWOT analysis?

Threats

Strengths

Weaknesses

Opportunities - ✔✔Strengths

What denotes skills or expertise in an activity that constitutes the roots of

competitiveness in an organization?

,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Choose 1 answer



Strategic values

Core competencies

Products and services

Opportunities and threats - ✔✔Core competencies

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. - ✔✔Suppliers can reduce manufacturing time and increase

product quality.

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

advantage.



Which type of strategy is the company using?

Valorization

Differentiation

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Customization

Standardization - ✔✔Differentiation

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 - ✔✔Vertical integration

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.

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