Value-added: Meaning, Usage & Importance

  • Value-added means any addition in the form of either improvements or upgrades in any product or service. The additions considered as value-added must all be made before the product or service reaches the end-users.
  • The concept of value addition can be applied to products, services, firms, management, or even business areas.
  • In addition, strong branding can add value to a product by using a company's logo to sell a product. What are the popular types of value added?
  • To improve customer satisfaction and add value to goods or services, getting the customer's feedback is essential. Surveys, polls, and customer service professionals add value to service this way.
  • Government- The government creates a conducive environment for value addition. The payment it gets in return is in taxes applied on such value additions at each stage.
  • Owners- At the end, owners or shareholders get the final claim of the value-added. Returns are in the form of capital gains or profits distributed as dividends.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK