questions and verified answers (Detailed & Elaborated)ACTUAL
EXAM 2025 TEST 100% Solved /GRADED A+/2025!!
Resource based model key elements - ANSWER-
resources, capability,
competitive advantage, attractive industry, strategy
formulation and
implantation, superior
returns
Resources - ANSWER-broad in scope; cover a spectrum of
individual, social,
and organizational
phenomena
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
Cost leadership - ANSWER-standardized products for typical
customers; low cost products with competitive levels of