What Term Coined by Michael Porter Describes a Tool That

question 31

Multiple Choice

What term coined by Michael Porter describes a tool that can be used to show how nearly every industry can be broken down into smaller pieces known as segments?

• A)Industry breakdown matrix
• B)Industry five forces matrix
• C)Industry value creation matrix
• D)Industry segmentation matrix
• E)Industry dimensions matrix

Grasp the use of nouns in historical and biographical narratives.

Identify correct noun usage in social and civil rights contexts.

Understand the application of nouns in professional and career-related contexts.

Grasp the use of nouns in everyday scenarios and personal relationships.

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Definitions:

Variable Overhead

Costs that change in proportion to the level of production or activity within a business.

Direct Materials

Raw materials directly used in the manufacturing of a product, which can be directly attributed to the finished product.

Fixed Overhead

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, which are necessary for a business's operations regardless of output.

Variable Overhead

Costs that vary with production volume, such as utilities or materials used in production processes.