Added value
What Added value means in Business GCSE, as defined for AQA, OCR, Pearson Edexcel.
Definitions of Added value
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Check what you remember
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Reference: AQA
The difference between the selling price of a product and the cost of its bought-in materials, components and services.
The difference between the cost of materials and the final selling price.
The difference between the cost of purchasing raw materials and the price the finished goods are sold for.
Topics that use Added value
- The purpose and nature of businesses (AQA GCSE)
- The role of business enterprise and entrepreneurship (OCR GCSE)
- The role of business enterprise (Pearson Edexcel GCSE)
Related terms
- Entrepreneur
- Enterprise
- Unique Selling Point (USP)
- Adaptation and change
- Adding value
- Adding value through transformation
- Business functions
- Business growth and structure
Using Added value in the exam
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