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

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Definitions:

Services

Activities or functions that are offered either to meet the needs of customers or to support the operations of an organization, such as IT support, catering, and cleaning.

Minimum-Wage Acts

Laws that establish the lowest hourly wage that can legally be paid to workers.

Remuneration

Compensation or payment received for employment or services provided, including salary, wages, bonuses, and benefits.

Annual Salary

The total amount of money earned by an employee in a year from their job before deductions.