Which of the Following Terms Is a Concept,developed by Michael

question 24

Multiple Choice

Which of the following terms is a concept,developed by Michael Porter,which describes the activities within firms and across firms that add value along the way to the ultimate transacted good or service?

• A)Five forces
• B)Value creation
• C)Value chain
• D)Consumer surplus
• E)Producer surplus

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Definitions:

Low Reliability

Refers to the lack of consistency and dependability in the results produced by a testing method or measurement tool over time.

Low Validity

A measure of how well a test or research findings fail to accurately reflect the concept they are intended to measure.

Clinical Interviews

In-depth, structured or semi-structured, conversations used in psychological and medical contexts to assess a person's mental health or medical condition.

Behavioral Assessment

is a method of evaluating individuals' actions and reactions in specific contexts to understand their behavior patterns.