C483 - Study guides, Class notes & Summaries

TEST PREP - WGU - PRINCIPLES OF MANAGEMENT –C483 / 100+ ACTUAL QUESTIONS AND ANSWERS (A+ GUIDE SOLUTION) Terms in this set (105)  Delivery of products or services 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 Profit margins are increased. What happens when an effective value chain is created? ...

Test Prep - WGU C483- Principles of Management – Certified Exam Q&A / 2025. 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. Customize...

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Activity-Based costing (ABC) Ans: A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities Adapters Ans: Companies that take the current industry structure and its evolution as givens, and choose where to compete. Adverse impact Ans: When a seemingly neutral employment practice has a disproportionately negative effect on a protected group. Ad...

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 compon...