Business A-Level
added value
What added value means in Business A-Level, as defined for AQA.
Definition of added value
Check what you remember
Read the wording for your board, then hide it and explain added value in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The difference between output price and input costs, which can be increased by cutting waste or by improving quality to justify a higher price.
Topics that use added value
- Setting operational objectives (AQA A-Level)
Related terms
Using added value in the exam
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