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Added Value | 60 Second Business

Added Value | 60 Second Business

In financial terms, added value is the difference between the selling price of a product and the costs involved in making or delivering it. In different ways, businesses aim to add value by taking resources such as labour, factories and raw materials and transforming them into physical goods or services. This is known as the transformation process.

1.4K viewsAug 24, 2023

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