adding value 0.0 / 5 ? Business StudiesMethods to grow a businessGCSEEdexcel Created by: nicole14Created on: 06-04-16 18:55 Different ways of adding value? and what is the disadvantage branding, speed of service, improved quality, better design, USP , however it costs money 1 of 6 what does a USP do to competition? what is the negative side? how can it be achieved? increases competiton, might be copied, aimed through understanding customer needs and by market mapping 2 of 6 3 advantages of adding value? the higher the added value the sooner the costs can be paid off and you can make profit and the more chance of sucess/growth/survival 3 of 6 adding value increases?... customer loyalty, appeal of product and prices of product 4 of 6 when do businesses add value? when the selling price of a product is higher than the cost of all the resources used to make it 5 of 6 what is added value? the difference between what a business pays its suppliers and the price that it is able to charge its products for 6 of 6
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