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Discuss the Significance of Value Creation

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Discuss the significance of value creation. According to Michael Porter, what are the two primary strategies for creating value?


Definitions:

Franchise Territory

The specific geographic area granted to a franchisee by the franchisor in which to operate and market the franchised business.

Franchise Termination

The legal ending or discontinuation of a franchise agreement, often involving specific conditions or procedures.

Court Determination

A formal decision or judgment made by a court following a legal proceeding.

Fair Dealing

A legal doctrine aiming to ensure honesty and fairness in transactions and agreements, preventing parties from taking advantage of each other.

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