Define the term 'added value'.

Added value is the difference between the costs of purchasing raw materials and the price the finished goods are sold at. Value is added to a good at each stage of production from raw material to the finished good.

HZ
Answered by Hadiqa Z. Business Studies tutor

12656 Views

See similar Business Studies A Level tutors

Related Business Studies A Level answers

All answers ▸

What is price elasticity of demand?


How should I structure my Business Studies exam answers? Could I get an example please?


Analyse how delayering might affect the level of profit a business generates.


To what extent is competition the main threat to British Airways’ future profitability? (20)


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2025 by IXL Learning