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What Is Added Value?

What Is Added Value?

Added value is the difference between the price a customer pays and the cost of the bought-in materials used to make a product. A business adds value when it changes or presents its inputs so that customers are willing to pay more than those inputs cost.

1.1.3b Adding value Lesson

  1. GCSE
  2. /Business
  3. /1.1.3b Adding value

Step-by-step lessons on Edexcel GCSE Business 1.1.3b Adding value. Each one builds up to exam-style questions. Start by mastering business terminology and the functional areas (marketing, finance, operations, HR) before moving on to the extended, evaluation-heavy questions that carry the most marks.

Lessons