the importance of added value Flashcards
1
Q
What can the added value of a product go towards?
A
It can go towards paying off a business’ fixed costs.
2
Q
The higher the added value……
A
the sooner costs can be paid off and the quicker the business will make a profit
3
Q
The more value a business can add to its products…..
A
the more chance the business has of success, survival and long term growth
4
Q
How can having a unique selling point help a business?
A
It can help the business compete
