PRINCIPLES OF MANAGEMENT C483 WGU
EXAM 4 EXAMPREP 2026 COMPLETE
QUESTIONS AND ANSWERS ALREADY PASSED
◉ Profit margins are increased.
Answer: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
◉ Analysis of external opportunities and threats.
Answer: 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
,◉ Strengths.
Answer: Skilled management, positive cash flow, and well-known
brands are examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
◉ Core competencies.
Answer: What denotes skills or expertise in an activity that
constitutes the roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
◉ Suppliers can reduce manufacturing time and increase product
quality..
Answer: 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.
◉ Differentiation.
Answer: A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
◉ Vertical integration.
Answer: 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
◉ Strategic vision.
Answer: 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.
What describes the owner's dream?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
EXAM 4 EXAMPREP 2026 COMPLETE
QUESTIONS AND ANSWERS ALREADY PASSED
◉ Profit margins are increased.
Answer: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
◉ Analysis of external opportunities and threats.
Answer: 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
,◉ Strengths.
Answer: Skilled management, positive cash flow, and well-known
brands are examples of which component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities
◉ Core competencies.
Answer: What denotes skills or expertise in an activity that
constitutes the roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
◉ Suppliers can reduce manufacturing time and increase product
quality..
Answer: 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.
◉ Differentiation.
Answer: A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
◉ Vertical integration.
Answer: 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
◉ Strategic vision.
Answer: 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.
What describes the owner's dream?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
