The _____ Concept Introduced by Michael Porter Consists of a Series

question 22

Short Answer

The _____ concept introduced by Michael Porter consists of a series of activities designed to meet business needs by adding value (or cost) in each phase of the e-commerce process.

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Definitions:

Inequality

Describes the unequal distribution of resources, opportunities, rights, and power among individuals or groups within a society.

Glocalization

The practice of conducting business according to both local and global considerations, incorporating local adaptations into global strategies.

Local

pertains to practices, products, or activities that are specific to a particular area, community, or culture, often emphasizing small-scale and community-based operations.

Global Co-Exist

The concept of various cultures, nations, or global businesses working together in harmony or mutual respect.