C483 WGU PA Exam Solved 100% Correct!!

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - Delivery of products & services What happens when an effective value chain is created? - Profit margins are increased Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process? - Analysis of exteral opportunities and threats Skilled management, positive cash flow, and well known brands are examples of which component of the SWOT analysis? - Strengths What denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization? - Core competencies According to Michael Porters competitive environment model, how can suppliers influence strategic planning? - Suppliers can reduce manufacturing time & increase product quality A company offers unique products in its industry to create a competitive advantage. Which type of strategy is the company using? - 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? - Vertical Integration What is the first step of organizational strategic planning? - Developing strategic MISSION 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 tofranchise the business and become the best provider of its services in the united states. What describes the owners dream? - Strategic VISION The introduction of statistical tools to analyze the causes of product defects is associated with which quality improvement approach? - Six sigma