value added is the charge in
Answers
ᴠᴀʟᴜᴇ ᴀᴅᴅᴇᴅ ᴛᴀx (ᴠᴀᴛ) ɪs ᴀ ᴛᴀx ᴏɴ sᴀʟᴇs. ɪᴛ ᴡᴏʀᴋs ʙʏ ʙᴇɪɴɢ ᴄʜᴀʀɢᴇᴅ ᴏɴ ᴛʜᴇ sᴀʟᴇ ᴘʀɪᴄᴇ ᴏғ ɴᴇᴡ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs, ᴡʜᴇᴛʜᴇʀ ᴘᴜʀᴄʜᴀsᴇᴅ ʙʏ ɪɴᴛᴇʀᴍᴇᴅɪᴀᴛᴇ ᴏʀ ғɪɴᴀʟ ᴄᴏɴsᴜᴍᴇʀs. ʜᴏᴡᴇᴠᴇʀ, ɪɴᴛᴇʀᴍᴇᴅɪᴀᴛᴇ ᴄᴏɴsᴜᴍᴇʀs ᴍᴀʏ ʀᴇᴄʟᴀɪᴍ ᴠᴀᴛ ᴘᴀɪᴅ ᴏɴ ᴛʜᴇɪʀ ɪɴᴘᴜᴛs, sᴏ ᴛʜᴀᴛ ᴛʜᴇ ɴᴇᴛ ᴠᴀᴛ ɪs ʙᴀsᴇᴅ ᴏɴ ᴛʜᴇ ᴠᴀʟᴜᴇ ᴀᴅᴅᴇᴅ ʙʏ ᴘʀᴏᴅᴜᴄɪɴɢ ᴛʜɪs ɢᴏᴏᴅs ᴏʀ sᴇʀᴠɪᴄᴇ.❤
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Answer:
The term "value-added" describes the economic enhancement a company gives its products or services before offering them to customers. Value added helps explain why companies are able to sell their goods or services for more than they cost to produce. Adding value to products and services is very important as it provides consumers with an incentive to make purchases, thus increasing a company's revenue and bottom line.