Social Sciences, asked by Rishitpandey7, 1 year ago

how does Industries add value to any product?​

Answers

Answered by rejibala21
0

Answer:

Value added is that extra feature a company adds to its products and services before offering them to customers. Adding value to a product or service helps companies attract more customers, which can boost revenue. Value added is the difference between a product's price and the cost of producing it

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Answered by divya1762
1

An industry converts a raw material into a much useful and valueable product . It increases it's commodity and value .

For example : An iron and steel industry converts raw material like iron ore to iron and steel and thus , increases it's commodity and value.

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