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VALUE - The total amount that buyers are willing to pay for a firm's products. MARGIN - The difference between the total value and the
VALUE - The total amount that buyers are willing to pay for a firm's products. MARGIN - The difference between the total value and the total cost. VALUE CHAIN - Michael Porter's tool to identify where the value is coming from in a firm's activities. SUPPLY CHAIN - A network of technology, resources, activities, individuals, and organizations involved in the creation and sale of a product. This is a far greater scope than a value chain
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