Definition of value added in English:

value added

Line breaks: value added

noun

[mass noun] Economics
1The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs: the proportions of both total output and value added fell
More example sentences
  • However, textile's share of value added increased over the same period, from 11 percent to 13 percent.
  • We are delighted that our value added at both key stages three and four is so good.
  • Real gross output may also be easier to measure than real value added because it depends largely on deriving price indexes for observable sales.
2The addition of features to a basic line or model for which the buyer is prepared to pay extra: [as modifier]: value-added digital technology
More example sentences
  • The software will be offered to existing customers and new buyers as ‘a value added service’, the company said.
  • Some value added services are deliverable today.
  • Market penetration has been limited, as relatively few people have opted for these systems or are ready to pay for their associated value added services.
2.1 [as modifier] (Of a company) offering specialized or extended services in a commercial area.
More example sentences
  • The income generated from the value-added business will flow to, and within, the local community.
  • The fastest growth rate in rural areas has been in farmer-owned, value-added businesses.
  • It could be that one of the brands migrates more toward a high-technology, value-added brand.

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Word of the day abjure
Pronunciation: əbˈdʒʊə
verb
solemnly renounce (a belief, cause, or claim)