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:

Auteur(s)

Filmmakers, typically directors, who are considered the author of their movies, with a distinctive, personal style and control over most aspects of the film production.

Silent Film Comedian

A performer specializing in comedy who acted in silent films, a genre prevalent before the advent of synchronized sound for motion pictures.

Hollywood

A district in Los Angeles, California, known as the heart of the American film industry.

Scapegoated

The practice of singling out any party for unmerited negative treatment or blame as a scapegoat.