Question

clarify the relationship between transformation and value adding.

Answer 1

Answer:

This process is known as the "transformation process". If the value of what customers pay for the outputs is more than the cost of the inputs, then the business can be said to have "added value". So, in summary, the transformation process is about adding value.

Answer 2

Answer:

Transformation is the conversion of inputs (resources) into outputs (goods and services). Value adding is the creation of extra or added value as inputs are transformed into outputs.

Explanation:

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