WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2
LATEST UPDATED VERSIONS (VERSION A & VERSION B)
COMPLETE EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS |ALREADY GRADED A+ (BRAND NEW!!)
How might a company's brand set it apart from its competitors with the same
products? - ANSWER: By upholding quality and reliability.
Oki is a sales associate at a computer sales store. He notices an older man with
tattered clothing enter the store. How should he first approach the customer? -
ANSWER: Greet the customer and ask if he would like her assistance.
A frozen pie manufacturer partners with a cinnamon roll shop to offer special pies
recipe featuring both companies. Which branding strategy is being used? - ANSWER:
Co-branding
A _______ is a study by an organization to identify its internal strengths and
weaknesses and also examine external opportunities and threats. - ANSWER:
Situational analysis
Which is an example of advertising? - ANSWER: Broadcast media
Which of the following defines buzz-marketing? - ANSWER: Creating excitement for a
product/service.
What activity focuses on studying the behavior, characteristics, and buying habits of
a company's target market? - ANSWER: Marketing analysis
The department store places the elegant china on a pedestal table with special
lighting. This display is an example of: - ANSWER: Visual merchandising
Demand is determined by measuring the amount of product customers: - ANSWER:
Are willing and able to but at given prices.
What three factor influence pricing policies in establishing a base price for a
product? - ANSWER: Cost, demand, competition
In a corporate setting crisis, who is the company's primary target of concern? -
ANSWER: Stockholders
When Nike competes with Reebok for business such competition is referred to as: -
ANSWER: Direct competition
Amazon purchased Zappos in 2005. The option to buy Zappos represented a(n)
_______ to Amazon. - ANSWER: Opportunity
, When sales decline in a Subway franchise, which success metric do the manager
analyze? - ANSWER: Customer satisfaction
When using technology to conduct marketing research, how do companies protect
consumer information? - ANSWER: Using a secure website with a privacy agreement.
At what phrase of the business cycle would economic activity be at the highest
point? - ANSWER: Prosperity
Which of the following is an effective method to monitor communication media? -
ANSWER: Reviewing online media sources.
In a market economy, perfect competition is best describe as competition between
firms: - ANSWER: Who trends to have control over the market price of their output.
When implementing financial plans for future growth, what do companies need to
consider? - ANSWER: Sales forecast
What becomes diluted as the diversity of available brands increases? - ANSWER:
Brand loyalty
What type of ownership requires the owner to give public notice stating that one or
more partners have limited liability? - ANSWER: Limited partnership
Maya worked 41 hours this week at a local hospital. She makes $12.00 per hour.
Anytime over 40 hours is paid at time and half or 1.5. How much May earn for her 41
hours of work this week. - ANSWER: $498
Mystery shopping uses what method for collecting primary data? - ANSWER:
Observation
What businesses target the same customers with the same product, what is
occurring? - ANSWER: Competition
Briggs and Stratton is a southeastern company that makes small engines. The
company is looking at customer trends, its competitors, and the economy to see if
there are any threats or opportunities on the horizon. It has also examined its
production policies and sales histories to determine its strengths and weaknesses.
Briggs and Stratton is not conduction a(n): - ANSWER: Situational analysis
On the supply and demand curve, when does equilibrium exist? - ANSWER: When
supply and demand are equal.
The local high school is advertising the Saturday homecoming game on the school's
daily announcements, a flyer distributed to student's parents, selling t-shirts, and
having a lunch time splash to introduce this school's outstanding football players.
LATEST UPDATED VERSIONS (VERSION A & VERSION B)
COMPLETE EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS |ALREADY GRADED A+ (BRAND NEW!!)
How might a company's brand set it apart from its competitors with the same
products? - ANSWER: By upholding quality and reliability.
Oki is a sales associate at a computer sales store. He notices an older man with
tattered clothing enter the store. How should he first approach the customer? -
ANSWER: Greet the customer and ask if he would like her assistance.
A frozen pie manufacturer partners with a cinnamon roll shop to offer special pies
recipe featuring both companies. Which branding strategy is being used? - ANSWER:
Co-branding
A _______ is a study by an organization to identify its internal strengths and
weaknesses and also examine external opportunities and threats. - ANSWER:
Situational analysis
Which is an example of advertising? - ANSWER: Broadcast media
Which of the following defines buzz-marketing? - ANSWER: Creating excitement for a
product/service.
What activity focuses on studying the behavior, characteristics, and buying habits of
a company's target market? - ANSWER: Marketing analysis
The department store places the elegant china on a pedestal table with special
lighting. This display is an example of: - ANSWER: Visual merchandising
Demand is determined by measuring the amount of product customers: - ANSWER:
Are willing and able to but at given prices.
What three factor influence pricing policies in establishing a base price for a
product? - ANSWER: Cost, demand, competition
In a corporate setting crisis, who is the company's primary target of concern? -
ANSWER: Stockholders
When Nike competes with Reebok for business such competition is referred to as: -
ANSWER: Direct competition
Amazon purchased Zappos in 2005. The option to buy Zappos represented a(n)
_______ to Amazon. - ANSWER: Opportunity
, When sales decline in a Subway franchise, which success metric do the manager
analyze? - ANSWER: Customer satisfaction
When using technology to conduct marketing research, how do companies protect
consumer information? - ANSWER: Using a secure website with a privacy agreement.
At what phrase of the business cycle would economic activity be at the highest
point? - ANSWER: Prosperity
Which of the following is an effective method to monitor communication media? -
ANSWER: Reviewing online media sources.
In a market economy, perfect competition is best describe as competition between
firms: - ANSWER: Who trends to have control over the market price of their output.
When implementing financial plans for future growth, what do companies need to
consider? - ANSWER: Sales forecast
What becomes diluted as the diversity of available brands increases? - ANSWER:
Brand loyalty
What type of ownership requires the owner to give public notice stating that one or
more partners have limited liability? - ANSWER: Limited partnership
Maya worked 41 hours this week at a local hospital. She makes $12.00 per hour.
Anytime over 40 hours is paid at time and half or 1.5. How much May earn for her 41
hours of work this week. - ANSWER: $498
Mystery shopping uses what method for collecting primary data? - ANSWER:
Observation
What businesses target the same customers with the same product, what is
occurring? - ANSWER: Competition
Briggs and Stratton is a southeastern company that makes small engines. The
company is looking at customer trends, its competitors, and the economy to see if
there are any threats or opportunities on the horizon. It has also examined its
production policies and sales histories to determine its strengths and weaknesses.
Briggs and Stratton is not conduction a(n): - ANSWER: Situational analysis
On the supply and demand curve, when does equilibrium exist? - ANSWER: When
supply and demand are equal.
The local high school is advertising the Saturday homecoming game on the school's
daily announcements, a flyer distributed to student's parents, selling t-shirts, and
having a lunch time splash to introduce this school's outstanding football players.
