Value Addition
Value-added is the additional features or economic value that a company adds to its products and services before offering them to customers.
### KEY TAKEAWAYS
- Value-added is the additional features or economic value that a company adds to its products and services before offering them to customers.
- Adding value to a product or service helps companies attract more customers, which can boost revenue and profits.
- Value-added is effectively the difference between a product's price to consumers and the cost of producing it.
- Value can be added in several different ways, such as adding a brand name to a generic product or assembling a product in an innovative way.