The Concept of the Value Chain Was Created by ________

question 31

Multiple Choice

The concept of the value chain was created by ________.

• A)Fred Wiserma
• B)Michael Porter
• C)Jim Collins
• D)Peter Drucker
• E)The Boston Consulting Group

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Definitions:

Average

A statistical measure central to a data set or distribution, typically the sum of all values divided by the number of values.

Variable Cost

Costs that change in proportion to the level of activity or production volume.

Payroll Taxes

Taxes imposed on employers and employees, calculated as a percentage of the wages that employers pay their staff.

Fixed Costs

Fixed costs in a business that do not change with the amount of goods produced or sold.