SEVI 3013 EXAM QUESTIONS WITH
CORRECT ANSWERS 2025
Value chain analysis key elements - Answer-consists of primary and support activities
Outsourcing - Answer-purchase of a value-creating activity or support function from an
external supplier
Building blocks of a business level strategy (aka generic strategy) - Answer-Which
customers will we serve? What needs of the target customers will be served? And how
will those needs be served?
Reach - Answer-access to customers
Richness - Answer-depth and detail of communications with customers
Affiliation - Answer-facilitation of customer relationship
Different generic business level strategies - Answer-Cost Leadership, Differentiation,
Focused low cost, Focused differentiation, stuck in the middle, and integrated cost
differentiation strategies
Members of an industry - Answer-industry and its buyers and suppliers
Suppliers of an industry - Answer-set of firms that supplies raw materials to the industry
5 Forces Model key objectives - Answer-determines the future and current profitability of
the industry
Criticisms of IO model - Answer-IO model makes the following assumptions which are
not realistic:
-There is only one strategy that can be successful in an industry.
-All firms can (and ought to) adopt the above strategy
Strategic groups - Answer-set of firms following similar strategies
Competitor analysis - Answer-focuses on each company against which a firm competes
directly
Competitor analysis key elements - Answer-capabilities, current strategies,
assumptions, future objectives, response
Resource based model key elements - Answer-resources, capability, competitive
advantage, attractive industry, strategy formulation and implantation, superior returns
CORRECT ANSWERS 2025
Value chain analysis key elements - Answer-consists of primary and support activities
Outsourcing - Answer-purchase of a value-creating activity or support function from an
external supplier
Building blocks of a business level strategy (aka generic strategy) - Answer-Which
customers will we serve? What needs of the target customers will be served? And how
will those needs be served?
Reach - Answer-access to customers
Richness - Answer-depth and detail of communications with customers
Affiliation - Answer-facilitation of customer relationship
Different generic business level strategies - Answer-Cost Leadership, Differentiation,
Focused low cost, Focused differentiation, stuck in the middle, and integrated cost
differentiation strategies
Members of an industry - Answer-industry and its buyers and suppliers
Suppliers of an industry - Answer-set of firms that supplies raw materials to the industry
5 Forces Model key objectives - Answer-determines the future and current profitability of
the industry
Criticisms of IO model - Answer-IO model makes the following assumptions which are
not realistic:
-There is only one strategy that can be successful in an industry.
-All firms can (and ought to) adopt the above strategy
Strategic groups - Answer-set of firms following similar strategies
Competitor analysis - Answer-focuses on each company against which a firm competes
directly
Competitor analysis key elements - Answer-capabilities, current strategies,
assumptions, future objectives, response
Resource based model key elements - Answer-resources, capability, competitive
advantage, attractive industry, strategy formulation and implantation, superior returns
