is the difference, at each stage of production or the provisioning of a service, between the price of a product or service and all materials or activities paid for to produce the product or provide the service. VALUE ADDED TAX is a consumption tax where taxes are levied at each step of a manufacturing process where value is added to that product at that point in the manufacturing cycle; as well as at the point where the consumer purchases the end product.
Increased value of a good by further processing. Value-added products include soybean meal and oil, frozen vegetables for retail consumption, and processed meats.
the dollar value of a firm's output ( i.e., harvest) minus the dollar value of the inputs it purchases from other firms.
The value added to a product as it passes from raw material along the production chain
A process which transforms a product or service, causing it to be worth more.
Value added tax Value additivity principal
Shows the progress made by an individual pupil or groups of pupils compared with the average progress made by similar pupils nationally between the Key Stages
A customer-based perspective on quality that is used by services, manufacturing, and public sector organizations. The concept of value-added involves a subjective assessment of the efficacy of every step in the process for the customer.
Value added is the amount by which the value of goods or services are increased by each stage in its production. It is the difference between the value of all the inputs (raw materials, purchased services) and the value of ...... more on: Value added
A voice or data network service that uses available transmission facilities and adds some other service or services to increase the value of the transmission.
The difference at each stage of production between the value of a product and the cost of materials needed to make it.
The increase in the value of a product when factors of production are used at each stage in the production process.
In economic statistics, value added refers to the difference between the value of shipments (net selling value at the plant) and the cost of materials, supplies, containers, fuel, purchased electricity and contract work. Major components of value added include employee compensation, capital costs, and profits. In agribusiness parlance, value added often refers to activities that involve further processing or more timely distribution of a product (and hence "add value").
Price of output less purchased inputs; valuation of contribution by enterprise to the product; sum of wages, interest, rent, and profit.
Any activity that increases the market form or function of the product or service. Things the customer is willing to pay for.
Comprises the compensation of employees, operating surplus, the consumption of fixed capital and the excess of indirect taxes over subsidies. This is also known as net output.
Any activity that transforms a product or service to meet the customer need.
The enhancement of effectiveness of schools in adding value to their provision for all children, including those with special educational needs, by monitoring progress as distinct from pupil attainment only. This involves assessing prior attainment (input) and subsequent attainment (output), looking at the socioeconomic situation of pupils, gender differences, involvement of parents and the school’s self-evaluation and improvement. If, when all of these factors have been considered, there is greater progress than expected, this reflects the value added by the school. (See also Baseline Assessment)
the difference between the cost of what goes into an item and the net price for which it is sold; the output price less the input cost which includes everything that the processor is accountable for, such as wages, taxes, profit, and parts. definition of value added defined What does value added mean? What is value added
A measure of output. Value added by an organization or industry is, in principle: revenue - non-labor costs of inputs where revenue can be imagined to be price*quantity, and costs are usually described by capital (structures, equipment, land), materials, energy, and purchased services. Treatment of taxes and subsidies can be nontrivial. Value-added is a measure of output which is potentially comparable across countries and economic structures. Source: econterms
originally, the difference between the cost of bought-in materials and the eventual selling price of the finished product
Activities or work essential to ensure a product or service meets the needs of the customer.
The additional amount a customer is willing to pay for an item as it is transformed from raw material to a finished product. In many manufacturing accounting systems, the direct labor, direct material, and allocated overhead for an operation.
That part of the value of produced goods developed in a company. It is determined by subtracting from sales the costs of materials and supplies, energy costs, contract work, and so on, and it includes labor expenses, administrative and sales costs, and other operating profits.
The market price of goods sold less the cost of materials and services purchased to produce those goods.
Activities or actions taken that add real value to the product or service. [See Non-Value Added
The difference between the value of goods produced and the cost of materials and services purchased to produce them. It includes wages, interest, rent, and profits. The sum of value added of all sectors of the economy equals GDP.
Value added is the risk adjusted return generated by an investment strategy: the return of the investment strategy minus the return of the benchmark.
refers to the value of a firm's output minus the value of intermediate goods bought from other firms.
Often used to distinguish between activities that directly add value to a product (such as assembly labor) from activities that support product manufacturing.
Each time work is done to inputs to transform them into something of greater usefulness as an end product.
The increase in value of the goods used in the production process. At BASF, value-added is derived from the statement of income as the difference between business performance and advance payments (in particular payments to suppliers).
The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.
The enhancement a company gives its product or service before offering the product to customers.
Benefits received that are not included in the purchase price of the individual good or service.
Those activities or steps that add to or change a product or service as it goes through a process; these are the activities or steps that customers view as important and necessary.
1) In accounting, the addition of direct labor, direct material, and allocated overhead assigned at an operation. It is the cost roll-up as a part goes through a manufacturing process to finished inventory. 2) In current manufacturing terms, the actual increase of utility from the viewpoint of the customer as a part is transformed from raw material to finished inventory. It is the contribution made by an operation or a plant to the final usefulness and value of a product, as seen by the customer. The objective is to eliminate all non-value-added activities in producing and providing a good or service.
Value added refers to the additional value created at a particular stage of production or through and marketing. In modern neoclassical economics, especially in macroeconomics, it refers to the contribution of the factors of production, i.e., land, labor, and capital goods, to raising the value of a product and corresponds to the incomes received by the owners of these factors. The factors of production provide "services" which raise the unit price of a product (X) relative to the cost per unit of intermediate goods used up in the production of X.