Value added refers to the enhancement a company gives its raw materials or products before offering them to customers. It represents the increase in worth that a business creates by taking a product and adding features, services, or design, resulting in a higher market value. In a more economic context, value added can also refer to the contribution of labor and capital to the production process. It is often calculated as the difference between the cost of goods sold (COGS) and the total revenue generated from sales.
Articles by others on the same topic
There are currently no matching articles.