Meaning of “value-added” in the English Dictionary

(Definition of “value-added” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"value added" in Business English

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value addednoun

also value-added uk us

[ S or U ] also value add, also added value MARKETING, PRODUCTION the increase in value of a product or service as it goes through the stages of being developed and produced:

There has been a change towards non-traditional exports with a higher value added.
Organizing the findings saves the reader time and is the best value-add we can provide.

[ U ] ECONOMICS the total output (= value of all the products, services, etc.) in a particular region, economy, etc. after taking away the value of inputs (= materials, labour, etc.):

The presence of large global companies brings much additional benefit to the economy over and above their contribution to value added.
Increasing domestic value added implies development and use of modern product and process technologies.
The share of value added in manufacturing by small and medium-sized firms has risen from 28% in 1980 to almost 40% now.

value addedadjective

also value-added uk us

MARKETING, PRODUCTION relating to the increase in value of a product or service as it goes through the stages of being developed and produced:

Sucralose is just the sort of value-added product the chief executive wants to encourage.

PRODUCTION relating to a process or industry that increases the value of a product or service:

high/low value-added activities The companies' Hong Kong headquarters are shifting towards higher value-added activities such as sales and marketing.

ECONOMICS used to refer to the profit made from sales of products or services in a particular region, etc. in relation to the value of materials, labour, etc.:

The Philippine services sector accounted for 43% of GDP in value-added terms.

(Definition of “value added” from the Cambridge Business English Dictionary © Cambridge University Press)

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