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Why is added value important for business?
Added value allows firms to market their products more successfully, emphasising strength of brand as opposed to a commodity. They can charge higher prices, achieve a USP and obtain competitive advantage. Higher added value products are less price-elastic and harder to copy
A business buys 5000 dollar worth of resources to produce a product . The business makes 100 units of the product and each of them sells for 65. The value added by the business to these product is?
$1,500.
Why is commodity value' an important business term of relevance to most office environment?
The value of common decency between employees in an office
Why is elasticity an important concept for a business like beachfront properties?
Elasticity an important concept for a business like beachfront properties because it determines how much the value of the property could potentially fluctuate. If the price goes down, demand increases.
Why it might be desirable for a firm to have higher added value products?
to establish a brand name for example nike shoes have a high added value. if the demand for the product of a firm suddenly soars due to some influencial events (example:the demand for the design of shades worn by psy suddenly soared after his mv Gangnam Style became famous) the firm can add higher added value and benefit when this kind of senario is witnessed to benefit as much as possible before the heat turns off. higher added value gives a sense of luxury goods and people buy it either to show off or because they like the product but either way the sales go up. if a firm has higher added value it can pay all the expenses such as wages, rent etc and still earn more profit(if it can add value without increasing cost.) and is successful in profit satisfying. if a business can add value that is much greater than the cost of production the business is said to be successful.
What value do you think this added to the business?
It depends on what 'this added' is? More information is needed.
Why is added value important for business?
Added value allows firms to market their products more successfully, emphasising strength of brand as opposed to a commodity. They can charge higher prices, achieve a USP and obtain competitive advantage. Higher added value products are less price-elastic and harder to copy
Is VAT Planning is important for any business?
Value-added tax (VAT) is a type of indirect tax levied on goods and services for value added at every point of production or distribution cycle, starting from raw materials and going all the way to the final retail purchase. If your business needs to invest in expensive equipment and products, being registered for VAT could definitely be beneficial.
What third party business provides networking service for a fee?
A value-added network (VAN)
What is a third-party business that provides networking services for fee?
A value-added network (VAN)
What has the author M Schiff written?
M. Schiff has written: 'Business experience with value added taxation'
A business buys 5000 dollar worth of resources to produce a product . The business makes 100 units of the product and each of them sells for 65. The value added by the business to these product is?
$1,500.
Why is the Time Value of money concept important to a business?
Time value of money is very important to any business especially business have more than one investment schemes. Time value of money means $100 received or earned today worth more than couple of years after. Therefore, business need to calculate time value of future cash (i.e. present value of future earning expectation) to choose best option.
What are some examples of formal definition?
formal business is a business that is registed and pay (vat) value added tax for sars e.g super market, toyota etcfgh
Advantages of high added value products for a firm?
The customers will get very quality product. The business can sell products for a higher price. It will help the business to overcome the competitors.
Why is commodity value' an important business term of relevance to most office environment?
The value of common decency between employees in an office
What is value- added retailing?
what is value added retailing
