What is the role of value addition
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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. Value can be added in different ways, such as adding a brand name to a generic product or assembling a product in an innovative way.
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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. Value can be added in different ways, such as adding a brand name to a generic product or assembling a product in an innovative way
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