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  3. value is the amount that buyers are willing to pay

Value is the amount that buyers are willing to pay for what a firm provides them....

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Operations Management

Value is the amount that buyers are willing to pay for what afirm provides them. Creating value for buyers that exceeds thecosts of production is a key concept used in analyzing a firm’scompetitive position. Suggest and critically discuss in details anapproach useful for understanding the value creation buildingblocks that could secure competitive advantage. (250words)

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Value creation is the main goal of any business organization In the context of customers value creation enables the selling of products and services that a business has to offer In the context of shareholders creating value by increasing share prices ensures that the company obtains the capital that is required to fund its activities From a financial standpoint    See Answer
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