Value addition and value chain
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Balwant Kumar 3 years, 1 month 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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