Dictionary
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| add·ed val·ue |
noun |
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| Definition: |
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1. economics additional benefit: the contribution that a business makes by combining and processing inputs such as materials and knowledge into products or services
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2. marketing extra value of company's products: the extra value of its products or services, in terms of usefulness or convenience in relation to competing products, that a company tries to communicate to its potential customers
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| Encarta® World English Dictionary [North American Edition] © & (P)2008 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc. |
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