Value appropriation is the process by which the total value created in the transaction is split amongst all the entities who contributed to creating it. Therefore, the total value created is the value appropriated by the firm.

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Value appropriation refers to how the value created is divided among different participants, but it doesn't mean that the total value created is the same as the value appropriated by the firm alone. Other entities involved also appropriate portions of the value.

Value Appropriation Is the Process by Which the Total Value