is the difference, at each stage of production or the provisioning of a service, between the price of a product or service and all materials or activities paid for to produce the product or provide the service. VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.
A customer-based perspective on quality that is used by services, manufacturing, and public sector organizations. The concept of value-added involves a subjective assessment of the efficacy of every step in the process for the customer.
Value added is the amount by which the value of goods or services are increased by each stage in its production. It is the difference between the value of all the inputs (raw materials, purchased services) and the value of ...... more on: Value added
In economic statistics, value added refers to the difference between the value of shipments (net selling value at the plant) and the cost of materials, supplies, containers, fuel, purchased electricity and contract work. Major components of value added include employee compensation, capital costs, and profits. In agribusiness parlance, value added often refers to activities that involve further processing or more timely distribution of a product (and hence "add value").
The enhancement of effectiveness of schools in adding value to their provision for all children, including those with special educational needs, by monitoring progress as distinct from pupil attainment only. This involves assessing prior attainment (input) and subsequent attainment (output), looking at the socioeconomic situation of pupils, gender differences, involvement of parents and the schoolâ€™s self-evaluation and improvement. If, when all of these factors have been considered, there is greater progress than expected, this reflects the value added by the school. (See also Baseline Assessment)
the difference between the cost of what goes into an item and the net price for which it is sold; the output price less the input cost which includes everything that the processor is accountable for, such as wages, taxes, profit, and parts. definition of value added defined What does value added mean? What is value added
A measure of output. Value added by an organization or industry is, in principle: revenue - non-labor costs of inputs where revenue can be imagined to be price*quantity, and costs are usually described by capital (structures, equipment, land), materials, energy, and purchased services. Treatment of taxes and subsidies can be nontrivial. Value-added is a measure of output which is potentially comparable across countries and economic structures. Source: econterms
The additional amount a customer is willing to pay for an item as it is transformed from raw material to a finished product. In many manufacturing accounting systems, the direct labor, direct material, and allocated overhead for an operation.
That part of the value of produced goods developed in a company. It is determined by subtracting from sales the costs of materials and supplies, energy costs, contract work, and so on, and it includes labor expenses, administrative and sales costs, and other operating profits.
The difference between the value of goods produced and the cost of materials and services purchased to produce them. It includes wages, interest, rent, and profits. The sum of value added of all sectors of the economy equals GDP.
The increase in value of the goods used in the production process. At BASF, value-added is derived from the statement of income as the difference between business performance and advance payments (in particular payments to suppliers).
1) In accounting, the addition of direct labor, direct material, and allocated overhead assigned at an operation. It is the cost roll-up as a part goes through a manufacturing process to finished inventory. 2) In current manufacturing terms, the actual increase of utility from the viewpoint of the customer as a part is transformed from raw material to finished inventory. It is the contribution made by an operation or a plant to the final usefulness and value of a product, as seen by the customer. The objective is to eliminate all non-value-added activities in producing and providing a good or service.
Value added refers to the additional value created at a particular stage of production or through and marketing. In modern neoclassical economics, especially in macroeconomics, it refers to the contribution of the factors of production, i.e., land, labor, and capital goods, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The factors of production provide "services" which raise the unit price of a product (X) relative to the cost per unit of intermediate goods used up in the production of X.