Business GCSE
Adding Value
What Adding Value means in Business GCSE, as defined for OCR.
Definition of Adding Value
The process of increasing the worth of resources by modifying them, creating a difference between the cost of inputs and the selling price.
Topics that use Adding Value
- Business activity (OCR GCSE)
Related terms
Using Adding Value in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business GCSE terms7 days Premium · Then free forever · No card, no charge