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How Does Michael Porter Define Support Business Activities

question 15

Essay

How does Michael Porter define support business activities?


Definitions:

Bailment

A legal relationship where one party temporarily transfers possession of property to another, under the agreement that the property will be returned.

Operates

To run or control the functioning of a system, machine, process, or organization.

Subject to Bailment

Refers to property that has been transferred into the temporary custody of another party who must return it or dispose of it as agreed.

Bus Ticket

A document or electronic record that permits a person to travel on a bus service for a journey between designated points.

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