_____ concept introduced by Michael Porter consists of a series of activities designed to meet business needs by adding cost in each phase of the e-commerce process.
A) social engineering
B) search engine optimization
C) packet switching
D) value chain

Question

_____ concept introduced by Michael Porter consists of a series of activities designed to meet business needs by adding cost in each phase of the e-commerce process. ​
A) social engineering
B) search engine optimization
C) packet switching
D) value chain

Quizplus · Accepted Answer

The concept introduced by Michael Porter referred to in the question is the value chain. The value chain consists of a series of activities that add value to a company's products and services at each phase of the e-commerce process. By adding cost in each phase of the process, businesses can improve their ability to compete in the marketplace and stay ahead of their rivals. This approach involves analyzing all of the activities involved in delivering goods or services to customers and identifying opportunities to add value at each step.

_____ Concept Introduced by Michael Porter Consists of a Series