Economy, asked by kaushikjadon678, 11 months ago

Explain the concept of value added by giving a numerical example.

Answers

Answered by aanchal828564

3

Understanding Value Added. Value added is the difference between the price of product or service and the cost of producing it. The price is determined by what customers are willing to pay based on their perceived value. ... For example, offering one year of free support on a new computer would be a value added feature

Added Value = Price that the product or service is sold at - cost of producing the product

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