Definition of Value added:
The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.
(of goods) having features added to a basic line or model for which the buyer is prepared to pay extra.
Marketing: Creation of a competitive advantage by bundling, combining, or packaging features and benefits that result in greater customer acceptance.
Accounting: Alternative term for gross income.
Economics: Difference between the total sales revenue of an industry and the total cost of components, materials, and services purchased from other firms within a reporting period (usually one year). It is the industrys contribution to the gross domestic product (GDP) and is the basis on which value added tax (VAT) is computed. See also economic value added.
How to use Value added in a sentence?
- The software will be offered to existing customers and new buyers as ‘a value added service’, the company said.
- Europe recently changed how they calculated the value added tax, causing confusion among independent authors in the pricing of their books.
- However, textiles share of value added increased over the same period, from 11 percent to 13 percent.
- You should always try to add in the value added to any sort of deal so that you know the true price of what you get.
- I needed to determine the value added before we moved forward in our business because that would determine the difference.
Meaning of Value added & Value added Definition