what is the concept of value addition? calculate the total value of the goods and services purchased in your home in a month
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Value-added could thus apply to instances when a firm takes a product that may be considered homogeneous—with few differences from that of a competitor, if any—and provides potential customers with a feature or add-on that gives it a greater perception of value. Adding a brand name to a generic product can be just as valuable as producing something new or in a way that no one has thought of before.
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