what are value added products? why are they called so.
Answers
Answered by
13
The value-added product simply means any product or action that
helps you raise the value of your products or business, or something you
can add to a product that enables you to increase your profit margin.
Since it raise the value of your product. So, due to adding value we called it as value added product.
Since it raise the value of your product. So, due to adding value we called it as value added product.
Answered by
0
Answer:
when a primary product is processed into a secondary products, it utility and value increase. for example a jute bag more useful and expensive than raw jute. because of the addition in value, secondary products are often called value-added products
Similar questions