0
In economics, the difference between cost of materials and labor to produce a product, and the sale price of a product is the Value added. In national accounts used in macroeconomics, value added is the contribution of it refers to the contribution land, labor, and capital goods (the factors of production), to increasing the price of a product, the value added is then the income received by the owners of these factors. The national value added is shared between capital and labor (as the factors of production), and this sharing gives rise to issues of distribution.
sources: http:/en.wikipedia.org/wiki/Value_a
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoAdded Value means the difference between the selling price of a product and the cost of the materials and components bought in to make it.
Wiki User
∙ 10y agoAdding value means make the product more attractive for example the packaging of the produts or even make the quality more better.
Add your answer:
Earn +20 pts
What is the antonym of place value?
adding
How does adding the prefix mega- to a unit affect the quantity being described?
The prefix mega- means of an impressive amount or significant value. When adding this prefix to a unit the amount of the unit is increased tremendously.
Is ADDING a verb?
The word "adding" is part of a verb. (ex. I am adding two equations. Your verb would then be am adding)
The most common rule for forming plural nouns is A adding -es to the word B changing the y to you and adding -es C dropping the last letter and adding -ies D adding -s to the word?
D. adding -s to the word
What is the difference between shade and tint?
a tint is adding white and a shade is adding black
Does present values have value adding up property?
Net present value method has value adding-up property
How can you eliminate non added value activities?
non value adding activities can not be eliminated. Waste are non-value adding activities that should be eliminated.
What is the antonym of place value?
adding
What is the value of an antique victor adding machine?
What is the value of a Victor Adding Machine, Model 7 57 54, Serial # 3425-389
When adding vectors what do you have to be certain in?
Numerical value and direction
What is USP of axis bank?
adding value to customers
What does adding value mean?
Your adding more stuff to make it worth whatever it is or to just make it valuable
Adding a dot to a note increases its duration by?
Adding a dot to a note increases its duration by half its value.
What is the key to national wealth?
Adding value to raw materials.
When adding 2 integers will the answer be positive?
When adding two integers, the answer will be positive if both integers are positive, or if one is negative but its absolute value is smaller than the absolute value of the positive integer.
What are the advantages of a place-value system over a non-place-value system?
Try adding 2 to 4 in Roman numerals: IV + II =? Or adding 1 to 8: VIII + I =?
Do hood ornaments add value to a car?
When restoring a vehicle that originally had a hood ornament, adding the hood ornament will increase its value. However, if no hood ornament was originally on the vehicle, then adding one typically will not increase the car's value.
