Page |1
Test Prep - WGU - Principles of
Management - C483 Questions and
Correct Answers/ Latest Update / Already
Graded
Delivery of products or services
Ans: 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.
Ans: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
All rights reserved © 2025/ 2026 |
, Page |2
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats
Ans: 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
Ans: Skilled management, positive cash flow, and well -known
brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies
All rights reserved © 2025/ 2026 |
, Page |3
Ans: 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.
Ans: 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
All rights reserved © 2025/ 2026 |
, Page |4
Ans: 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
Ans: 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
All rights reserved © 2025/ 2026 |
Test Prep - WGU - Principles of
Management - C483 Questions and
Correct Answers/ Latest Update / Already
Graded
Delivery of products or services
Ans: 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.
Ans: What happens when an effective value chain is created?
Choose 1 answer
Profit margins are increased.
A mission statement is developed.
All rights reserved © 2025/ 2026 |
, Page |2
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats
Ans: 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
Ans: Skilled management, positive cash flow, and well -known
brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies
All rights reserved © 2025/ 2026 |
, Page |3
Ans: 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.
Ans: 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
All rights reserved © 2025/ 2026 |
, Page |4
Ans: 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
Ans: 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
All rights reserved © 2025/ 2026 |
