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Using the Value Chain Model, Which of the Following Primary

question 16

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Using the value chain model, which of the following primary activities is performed first, as inputs are transformed into outputs?


Definitions:

Economic Forces

Factors that influence the direction of an economy, including supply and demand, inflation, and employment levels.

Non-Renewable Resources

Natural resources that cannot be replenished once used, such as fossil fuels and minerals.

Renewable Resources

Natural resources that can be replenished over time, such as solar energy, wind power, and biomass, contributing to sustainable environmental practices.

Tradeable Property Rights

Legal rights granting the ability to trade assets, goods, or resources under specific conditions in a marketplace.

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