Management > QUESTIONS & ANSWERS > WGU C483 Test Prep - Principles of Management – Latest 2022 Graded A (All)

WGU C483 Test Prep - Principles of Management – Latest 2022 Graded A

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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 Opera... tions and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. ✔✔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 ✔✔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 [Show More]

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