A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - ANS delivery of products and services
what happens when an effective value chain is created - ANS profit margins are increased
industry and market, competitor...
Principles of Management Practice
Questions C483 WGU Exam Questions
And Answers
A value chain is the sequence of activities that begins with raw materials. What result does a
value chain end with? - ANS delivery of products and services
what happens when an effective value chain is created - ANS profit margins are increased
industry and market, competitor analysis, and social analysis are examples of which step in
strategic planning process - ANS analysis of exteral opportunities and threats
skilled management, positive cash flow, and well known brands are examples of which
component of the SWOT analysis - ANS strengths
what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an
organization - ANS core competencies
according to michael porters competitive environment model, how can suppliers influence
strategic planning - ANS uppliers 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 - ANS customization
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 - ANS vertical integration
what is the first step of organizational strategic planning? - ANS developing internal
strengths
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 services in
the united states. what describes the owners dream? - ANS strategic planning
, the introduction of statistical tools to analyze the causes of product defects is associated with
which quality improvement approach? - ANS six sigma
what is the principal idea of reengineering - ANS to revolutionize key organizational
systems and processes
what designates those who take hands-on responsibility for creating innovation such as new
ideas, products or methods within an organization - ANS intrapreneuer
how many defects per million are there at six sigma, assuming a product or process is defect
free 99.9999966% of the time? - ANS 3.4 defects per million
why is innovation an important element of entrepreneurship - ANS creates unique and
different prioducts and services...
a company is trying to systematically improve processes by eliminating noncomformity of their
products to product specifications. the company believes their continuous effort to reduce
variation in their process outputs is key to their business success - ANS six sigma
why would an entrepreneurial business choose to use its own resources versus seeking outside
resources in financing a business venture - ANS to maintain control...
what can managers do to encourage useful conflict during a meeting to lessen inhibition about
disagreeing and make the conflict less personal - ANS promote affective conflict...
which activity should management use to encourage intrapreneurship within an organization -
ANS provide employees extra training opportunities
which type of control system is being implemented when management uses prices, profit
centers, and exchange relationaships as a control - ANS market control...
a store that has had a high rate of employee theft wants to use an employee selection technique
to hire new employees who are less likely to steal from them. which type of employee selection
instrument is most appropriate in this situation - ANS integrity testing...
a corporation recently disbanded its flex time schedule for employees and now requires that all
employees work 9am to 6pm monday through friday. the employees banded together in
opposition of the change. what were the employees experienceing - ANS abilene paradox
the manager of the HR department at a corporation agreed to authorize one-hour breaks for all
employees fo the organization as long as the production manager agreed to shorten the
morning and afternoon breaks of all emlpoyees to 15 minutes. which approach were the
managers using to enlist cooperation for the change - ANS facilitation and support
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DocLaura. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.89. You're not tied to anything after your purchase.
