Sometimes referred to in everyday terms as “bang for the buck,” Value-Add is a term that addresses special features or improvements added to a product or service to increase its monetary value and desirability to consumers.
What is value added in macroeconomics?
An important part of understanding value added is therefor to examine delimitations. In macroeconomics, the term refers to the contribution of the factors of production (i.e. capital and labor) to raise the value of the product and increase the income of those who own the said factors.
What is a Value Added Reseller?
A Value-Added reseller is an individual or business that adds components or services to an existing product which are intended to improve its benefits to the consumer. The value-added reseller then makes the modified product available as part of package.
Why are value-added products or services worth more?
Value-added products or services are worth more because they have been improved or had something added to them. There has been a change towards non-traditional exports with a higher value added. Organizing the findings saves the reader time and is the best value-add we can provide.
