The Primary Activities in a Firm's Value Chain Include: Inbound

question 33

True/False

The primary activities in a firm's value chain include: inbound logistics, operations, outbound logistics, marketing and sales, and service.

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Definitions:

Entrepreneur

An individual who undertakes the creation, organization, and ownership of an innovative business with potential for growth and financial reward.

Franchising

A business model that allows individuals to operate their own outlets of a larger chain, sharing in the brand, products, and operational support.

Royalties

Payments made to the original creators or owners of intellectual property for the right to use their work.

Franchisor

A business entity that grants the right to use its brand, products, and operational model to an individual or company (franchisee) in exchange for a fee.