ADDING VALUE

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  • Created by: _Holly98
  • Created on: 12-12-15 09:48

ADDING VALUE

DIFFERENCE BETWEEN PRICE FINISHED PRODUCT / SERVICE & COST OF INPUTS INVOLVED IN MAKING IT

ADDED VALUE = SALES REVENUE - COST OF PRODUCTION

PROFIT = SALES REVENUE - COST PRODUCTION - ALL OTHER COSTS

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WAYS ADD VALUE

BUILD BRAND

DELIEVER EXCELLENT CUSTOMER SERVICE

PRODUCT FEATURES / BENEFITS

OPERATE EFFICENTLY 

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BENEFITS ADDING VALUE

CHARGE HIGHER PRICE

USP

PROTECTION COMPETITORS OFFERING LOWER PRICE

FOCUS ON TARGET MARKET SEGMENT

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SIGNS START UP IS ADDING VALUE

STRONG GROSS PROFIT MARGINS

  • GROSS PROFIT
  • STRONG SIGNAL

REPEAT CUSTOM

  • SATISFIED CUSTOMER
  • CUSTOMERS GETTING VALUE FOR MONEY

BRAND / NAME RECOGNITION

  • IMPORTANT WORD OF MOUTH RECOMMENDATION
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