Which Concept, Introduced by Michael Porter, Consists of a Series

question 45

Multiple Choice

Which concept, introduced by Michael Porter, consists of a series of activities designed to meet business needs by adding cost in each phase of the e-commerce process?

• A)social engineering
• B)search engine optimization
• C)packet switching
• D)value chain

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Definitions:

Tradeoffs

The balancing act of giving up one thing to gain another, often used in discussions about decision-making processes.

Decisions

Choices made from among alternatives based on judgement or information.

Rent

A payment made by a tenant at regular intervals in exchange for the use of land, a building, an apartment, an office, or other property.

Neighborhood Quality

The overall assessment of an area based on factors like safety, cleanliness, community services, and the physical environment.