Which Term Was Developed by Michael Porter to Describe the Firm's

question 99

Multiple Choice

Which term was developed by Michael Porter to describe the firm's important activities, such as production, marketing, and HR management?

• A) control framework
• B) economies of scale
• C) supply network
• D) value chain

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Definitions:

Type B Behavior

A personality type characterized by less competitive, more relaxed, and less stress-prone behaviors compared to Type A.

Low Blood Pressure

A condition where the blood pressure in the arteries is abnormally low, possibly leading to symptoms like dizziness or fainting.

Coronary Heart Disease

A condition characterized by the narrowing or blockage of the coronary arteries, which can lead to chest pain, heart attacks, and other heart problems.

Sunbathing

The practice of sitting or lying in the sun, often to tan the skin or for pleasure.