SEVI UNIT 1 EXAM QUESTIONS AND
ANSWERS GRADED A+ 2025/2026
5 blocks of business - ANS 1. the offering
2. markets and customers
3. structure and purpose
4. people
5. performance
block 1: the offering - ANS includes products, services, business models. what does the
business sell and how?
block 2: markets and customers - ANS includes target markets, customer relationships,
marketing/sales. who buys and how do we reach them?
block 3: structure and purpose - ANS includes organizational structure, mission, culture. how
is the business organized and what drives it?
block 4: people inside the business - ANS includes employees, leadership, management,
communication. who does the work and how are they managed?
1 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
, block 5: performance - ANS includes financial management, operations, data/analytics. how
do we measure success and improve?
economic model of social responsibility - ANS the view that society will benefit most when
business is left alone to produce and market profitable products that society needs
socioeconomic model of social responsibility - ANS the concept that business should
emphasize not only profits but also the impact of its decisions on society
third party certification - ANS the most credible form of certification, because the
certification is performed by a disinterested third party who is not controlled or influenced by
the organization seeking the certification
b-impact assessment - ANS a tool that companies can use to measure their social and
environmental impact. made up of multiple impact areas, a company must score at least an 80
to become certified
UN sustainable development goals - ANS Goals set by the UN in 2015 to be achieved by 2030
that aim at promoting development, reducing poverty and protecting the planet
global trade - ANS the exchange of goods and services between countries
importing - ANS buying of products overseas and reselling them in one's own country
exporting - ANS the sale of domestic products to foreign customers
absolute advantage - ANS who's better at making this specific thing? often between 2
countries producing the same product
2 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
ANSWERS GRADED A+ 2025/2026
5 blocks of business - ANS 1. the offering
2. markets and customers
3. structure and purpose
4. people
5. performance
block 1: the offering - ANS includes products, services, business models. what does the
business sell and how?
block 2: markets and customers - ANS includes target markets, customer relationships,
marketing/sales. who buys and how do we reach them?
block 3: structure and purpose - ANS includes organizational structure, mission, culture. how
is the business organized and what drives it?
block 4: people inside the business - ANS includes employees, leadership, management,
communication. who does the work and how are they managed?
1 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
, block 5: performance - ANS includes financial management, operations, data/analytics. how
do we measure success and improve?
economic model of social responsibility - ANS the view that society will benefit most when
business is left alone to produce and market profitable products that society needs
socioeconomic model of social responsibility - ANS the concept that business should
emphasize not only profits but also the impact of its decisions on society
third party certification - ANS the most credible form of certification, because the
certification is performed by a disinterested third party who is not controlled or influenced by
the organization seeking the certification
b-impact assessment - ANS a tool that companies can use to measure their social and
environmental impact. made up of multiple impact areas, a company must score at least an 80
to become certified
UN sustainable development goals - ANS Goals set by the UN in 2015 to be achieved by 2030
that aim at promoting development, reducing poverty and protecting the planet
global trade - ANS the exchange of goods and services between countries
importing - ANS buying of products overseas and reselling them in one's own country
exporting - ANS the sale of domestic products to foreign customers
absolute advantage - ANS who's better at making this specific thing? often between 2
countries producing the same product
2 @COPYRIGHT 2026 ALLRIGHTS RESERVED.
