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How does a firm capture value when using a franchise business model?
Tendering
A formal process where bids are invited from interested contractors to carry out specific packages of work, services, or to supply goods.
Total Cost Management
A comprehensive approach to managing and reducing costs throughout an organization, emphasizing continuous improvement and value for money.
Supply Chain Design
The planning and organization of a network of interconnected businesses involved in the provision of product and service packages demanded by end customers.
Fiber Optic Wire
A type of cable made of thin strands of glass or plastic that transmits data at high speeds using light signals.
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