value added

Definitions

Accounting

  • noun the difference between the cost of the materials purchased to produce a product and the final selling price of the finished product

Commerce

  • noun the features that make one product or service different from or better than another and so create value for the customer

Computing

  • adjective
    (written as value-added)
    (with extra benefit for a user

Economics

  • noun the amount added to the value of a product or service, being the difference between its cost and the amount received when it is sold (wages, taxes and similar factors are deducted from the added value to give the retained profit).
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