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ACCA P3 The value chain
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Value added is in the eyes of the customer. It is what the customer values. Some might value low costs that the seller can provide whether arising from economies of scale, high automation or whatever. Even selling at a low price could allow the supplier to earn a margin. Therefore, low prices can result in added value.
dear sir,
can we say that reduced price of a product for customer is also a value added to the product? although it does not sounds to be.