Concept:
Let
\[
P(x,y)
\]
be any point on the ellipse
\[
\frac{x^2}{a^2}+\frac{y^2}{b^2}=1.
\]
The major axis is the \(x\)-axis with vertices
\[
A(-a,0),\qquad A'(a,0).
\]
Step 1: Find \(PN\), \(AN\) and \(A'N\).
Foot of perpendicular:
\[
N(x,0)
\]
Therefore,
\[
PN=y
\]
\[
AN=x+a
\]
\[
A'N=a-x
\]
Step 2: Find the product \(AN\cdot A'N\).
\[\begin{aligned}
AN\cdot A'N
&=
(x+a)(a-x)
\\
&=
a^2-x^2
\end{aligned}\]
Step 3: Use the ellipse equation.
\[
\frac{x^2}{a^2}+\frac{y^2}{b^2}=1
\]
\[
y^2
=
b^2\left(1-\frac{x^2}{a^2}\right)
\]
\[
y^2
=
\frac{b^2}{a^2}(a^2-x^2)
\]
Since
\[
PN=y,
\]
\[
PN^2
=
\frac{b^2}{a^2}(AN\cdot A'N)
\]
Hence,
\[
\frac{PN^2}{AN\cdot A'N}
=
\frac{b^2}{a^2}
\]
\[\begin{aligned}
\boxed{
\frac{PN^2}{AN\cdot A'N}
=
\frac{b^2}{a^2}
}
\end{aligned}\]
Hence, option \(\mathbf{(C)}\) is correct.