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Value addition and value chain

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Value addition and value chain

    • Posted by Suvam Bhowmick 3 years, 7 months ago

    CBSE > Class 12 > Entrepreneurship
    • 1 answers

    Balwant Kumar 3 years, 7 months ago

    Value addition refers to value added to the goods and services through different means so as to create a new product that has greater value to customers.
    <mark>Value Chain</mark> refers to all the activities that create and build value at every step. Thus the total value added to the final product or service is the sum of the individual value added at every step.

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