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Added value (example (2.material cost;15,000, 3.added value:85,000, 1…
Added value
example
2.material cost;15,000
3.added value:85,000
1.selling price:100,000
4.not profit-builder must pay wages,othe costs
difference
the selling price of a product
the cost of bought in materials/components
if value is not added
othe costs can't be paid for
no profit will be made
why important
can pay other costs
labour
managment expenses
advertising/power
able to make profit(
cost<added value
)
how could increase
increase selling price/keep cost of materials
2.consumers are prepared to pay higher prices
1.high quality image
reduce material cost/keep price
price charged to customers stays
lower price material might reduce the quality of the product
selling product-material cost=added value