Exam (elaborations)
EDEXCEL A-Level Business - Theme 1 Revision Questions and Answers
- Module
- Institution
Added Value Added value is the value of the finished output over and above the cost of achieving it i.e. the cost of inputs and transformations. Value can be added by manufacturing, branding, technology and a unique selling point. Calculated as: Selling price - cost of inputs - cost of transfo...
[Show more]