Adding Value

Question 1

What is adding value

Answer 1

The difference between the cost to produce a good or service and the amount of people prepared to pay for it

Question 2

How can you increase value

Answer 2

Through the production process

Question 3

The importance of adding value

Answer 3

Creates competitive advantages
Makes profit- value increases potential profit does too

Question 4

How to add value

Answer 4

• production
• design
• brand image
• speed/quality

Question 5

Hi

Answer 5

Hey