WGU C483 Principles of Management Practice Questions and Answers 100% Pass

A value chain is the sequence of activities that begins with raw materials. What result does a value

chain end with? ✔✔delivery of products and 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