added value

  

Definition

an amount added to the value of a product or service, equal to the difference between its cost and the amount received when it is sold. Wages, taxes, etc. are deducted from the added value to give the profit.

See also VAT

Business Tips

Does Your Company Create Value?

Your company's added value is the size of the pie minus the size the pie would be if your company didn't exist. Makers of interchangeable commodity products have almost no added value. If your company ... Read more

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