The act of adding value to a product or service before the product is offered...
Trait introduced into an organism/plant that gives that organism added value, like the addition of a valued trait or the capability to produce a new, valued substance, like a pharmaceutical or a biomaterial.
the market value of a firm's output minus the value of the inputs the firm has purchased from others to produce its final product; e.g., what the wholesaler adds to a product by virtue of buying it from a manufacturer and then reselling it to a retailer.
Refers to the process of adding utility to a product-- time, form, or place utility. Further processing of bulk commodities is a value-adding activity. For example, soybean meal is a value-added product relative to soybeans.
Those activities or steps that add to or change a product or service as it goes through a process; these are the activities or steps that customers view as important and necessary. [GAO
being or pertaining to something added to a product to increase its value or price; "software supplied by a value-added distributor"; "a value-added tax"
The increase in worth of a product due to change in its form or function by manufacturing, packaging or other method; the difference the amount of a company sells a product for and what was paid for materials and labour used to manufacture the product.
(1) Increasing the value of a good by further processing. Examples of value-added products include soybean meal and oil, frozen vegetables for retail consumption, and processed meats. (2) Under the Value-added Agricultural Product Marketing Development grants program, any agricultural commodity or product that (a) has undergone a change in physical state, (b) was produced in a manner that enhances the value of the agricultural commodity or product (as demonstrated through a business plan that shows the enhanced value), or (c) is physically segregated in a manner that results in the enhancement of the value of the agricultural commodity or product, and as a result, the customer base for the agricultural commodity or product has been expanded and a greater portion of the revenue derived from the marketing, processing, or physical segregation of the agricultural commodity or product is available to the producer of the commodity or product. See Also: agricultural commodity. commodity. further. marketing. processed. processing. producer.
The manufacturing of specific finished products, in this case, made out of wood, rather than selling raw logs or wood chips. Examples would include furniture, baseball bats, wooden bowls for tableware, sculptures. etc.
tax: a tax added at each stage in the manufacture of a product. It acts as a replacement for a sales tax in almost every industrialized country outside North America.
The enhancement added to a product or service by a company before the product is offered to customers.
The monetary worth contributed by labor to raw materials through the production process. Any process that adds value to products and final goods.
An operation that transforms the product in a way that is meaningful to the customer.
Activities or steps that add or change a product or service as the process develops. These are activities or steps the customer views as important.
On this site: When value is added to raw products by further processing eg, processing wood rather than selling it as logs. In economic terms value-added refers to the value added to goods and services by the contributions of capital and labour.
the processing of products so that their selling price is higher than that of the raw materials from which they were made.
The act or process by which tangible product features or intangible service attributes are bundled, combined or packaged with other features and attributes to create a competitive advantage, reposition a product or increase sales.
