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

Question

Quizplus · Accepted Answer

Value chain 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. The other options (A) Five forces, (B) Value creation, (D) Consumer surplus, and (E) Producer surplus are unrelated to the concept of value chain.

Which of the Following Terms Is a Concept,developed by Michael