The _________ Concept Introduced by Michael Porter Consists of a Series

question 63

Multiple Choice

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.

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

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Definitions:

Scatterplot

A type of graph used in statistics to visually display and assess the relationship between two quantitative variables by plotting data points on a two-dimensional axis.

Bell-Shaped Curve

A graphical representation of a normal distribution, indicating that most occurrences happen near the mean, with fewer observations noted at the extremes.

Coin Flips

A simple randomization technique or decision-making tool where the outcome of a coin toss is used to choose between two alternatives.

Most Probable

Referring to an event or outcome that has the highest likelihood of occurring compared to other possibilities.