the difference between the price of the finished product/service and the cost of inputs involved in making it.
1 of 5
name 5 ways to add value.
any from: building a brand, delivering excellent service, product features and benefits, offering convenience, unique selling point, quality, design.
2 of 5
what are some of the key benefits to a business of added value?
charging a higher price, creating a point of difference from the competition, protecting from competitors tryig to steal customer by charging lower price, focusing a business more closely on its target market segment
3 of 5
what is a unique selling point?
it is a characteristic of a product that makes it different fro similar products.
4 of 5
why is adding value important to businesses?
it is important because it increaes their profits
5 of 5
Other cards in this set
Card 2
Front
name 5 ways to add value.
Back
any from: building a brand, delivering excellent service, product features and benefits, offering convenience, unique selling point, quality, design.
Card 3
Front
what are some of the key benefits to a business of added value?
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