Value Added definition: Copy, customize, and use instantly
Introduction
The term "Value Added" refers to the enhancement of a product or service through its production process, increasing its market value. It is essential for understanding the additional worth or benefits contributed to goods or services, especially in the context of agreements, pricing, or service offerings.
Below are various examples of how "Value Added" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Value Added" as enhancement of a product or service
This definition ties "Value Added" to the increase in worth derived from additional features or processes.
"Value Added" means any additional enhancement, service, or feature that increases the worth of a product or service.
Definition of "Value Added" as a business concept
This definition connects "Value Added" to the economic impact it has on goods and services.
"Value Added" refers to the increase in value of a product or service through modifications, improvements, or innovation in the production process.
Definition of "Value Added" as supplementary benefits
This definition links "Value Added" to supplementary services or benefits that are provided along with the main offering.
"Value Added" means the extra benefits, features, or services provided in addition to the primary product or service.
Definition of "Value Added" as part of a pricing model
This definition applies "Value Added" to the concept of increased pricing due to the inclusion of enhancements.
"Value Added" refers to the increase in price due to the addition of features, services, or customizations that enhance the value of the offering.
Definition of "Value Added" as a business metric
This definition ties "Value Added" to its role in measuring the contribution to a business’s financial performance.
"Value Added" refers to the financial benefit that results from the creation of new services, products, or business processes.
Definition of "Value Added" in marketing terms
This definition connects "Value Added" to its role in marketing and customer perception.
"Value Added" refers to the tangible or intangible benefits added to a product or service to make it more appealing to customers.
Definition of "Value Added" as added services in contracts
This definition links "Value Added" to supplementary services provided in business contracts.
"Value Added" means services or enhancements provided beyond the base contract terms, aimed at increasing overall satisfaction or value.
Definition of "Value Added" as an industry standard
This definition applies "Value Added" to common practices within a specific industry.
"Value Added" refers to industry-specific enhancements or services that add value to the core offerings, aligning with standard practices.
Definition of "Value Added" as a customer benefit
This definition connects "Value Added" to customer satisfaction and its impact on loyalty.
"Value Added" refers to any additional benefits, perks, or features that are provided to the customer to enhance their overall experience.
Definition of "Value Added" as an operational improvement
This definition links "Value Added" to improvements within operational processes.
"Value Added" means any operational improvement or innovation that enhances the efficiency, effectiveness, or quality of the product or service.
Definition of "Value Added" as differentiating a product
This definition ties "Value Added" to differentiating a product in a competitive market.
"Value Added" refers to the distinctive features or services that differentiate a product from similar offerings in the market.
Definition of "Value Added" as a supply chain benefit
This definition connects "Value Added" to the benefits provided throughout a supply chain.
"Value Added" means any enhancement or modification to a product or service as it moves through the supply chain that increases its value.
Definition of "Value Added" as an intangible asset
This definition links "Value Added" to intangible factors that increase the perceived worth.
"Value Added" refers to the intangible benefits such as brand reputation, expertise, or customer service that contribute to the perceived value of a product or service.
Definition of "Value Added" as a service upgrade
This definition applies "Value Added" to additional service upgrades.
"Value Added" refers to any service upgrades or improvements offered to enhance the product or service beyond the basic offering.
Definition of "Value Added" as a performance boost
This definition ties "Value Added" to the enhancement of performance metrics.
"Value Added" means any improvements that directly or indirectly enhance the performance or capability of the product or service.
Definition of "Value Added" as a customer-focused enhancement
This definition connects "Value Added" to customer-oriented improvements.
"Value Added" refers to features or services designed to increase the value experienced by the customer, such as personalized support or custom options.
Definition of "Value Added" as a financial benefit
This definition links "Value Added" to its financial impact on the business.
"Value Added" means the increase in the financial performance resulting from enhancements or improvements in a product, service, or business process.
Definition of "Value Added" in terms of product development
This definition connects "Value Added" to the role in product development.
"Value Added" refers to enhancements or additional features incorporated into a product during its development phase to improve its overall value.
Definition of "Value Added" as a strategic initiative
This definition applies "Value Added" to strategic business efforts aimed at enhancing value.
"Value Added" refers to strategic initiatives undertaken by a business to enhance the overall value of its offerings and operations.
Definition of "Value Added" in terms of differentiation
This definition links "Value Added" to its role in differentiating a product or service.
"Value Added" means any unique feature or service that sets a product or service apart from competitors, making it more valuable to customers.
Definition of "Value Added" as an asset to business relationships
This definition ties "Value Added" to its role in building stronger business relationships.
"Value Added" refers to the services, features, or benefits that help strengthen relationships between businesses and customers or partners.
Definition of "Value Added" as a compliance tool
This definition connects "Value Added" to compliance and regulatory enhancements.
"Value Added" refers to features, services, or measures that help businesses comply with regulations while improving the value of the offering.
Definition of "Value Added" in the context of technology
This definition links "Value Added" to technological innovations.
"Value Added" means technological improvements or features that enhance the functionality or appeal of a product or service.
Definition of "Value Added" as a project enhancement
This definition applies "Value Added" to project management and improvement.
"Value Added" refers to modifications or enhancements made during a project to increase its overall quality or performance.
Definition of "Value Added" as an exclusive offer
This definition ties "Value Added" to exclusive offers or deals.
"Value Added" refers to special offers or features that are exclusively available to certain customers or groups, adding extra value to their experience.
Definition of "Value Added" as an operational advantage
This definition links "Value Added" to operational efficiencies.
"Value Added" refers to any operational improvements that reduce costs or increase the quality of a product or service, thereby enhancing its value.
Definition of "Value Added" as an incentive
This definition connects "Value Added" to customer incentives.
"Value Added" means any bonus, incentive, or reward provided to customers to increase the value of their purchase or experience.
Definition of "Value Added" as a market driver
This definition applies "Value Added" to its role in market expansion.
"Value Added" refers to innovations or enhancements that drive market growth by increasing the appeal or functionality of a product or service.
Definition of "Value Added" as a relationship builder
This definition ties "Value Added" to fostering stronger customer relationships.
"Value Added" means additional services or offerings that contribute to building long-term customer loyalty and trust.
Definition of "Value Added" in terms of customer satisfaction
This definition connects "Value Added" to customer satisfaction levels.
"Value Added" refers to features, benefits, or services that directly improve customer satisfaction and perceived value of a product or service.
Definition of "Value Added" as part of a loyalty program
This definition links "Value Added" to its inclusion in customer loyalty programs.
"Value Added" refers to the additional benefits, rewards, or perks given to customers as part of a loyalty program.
Definition of "Value Added" as part of a service agreement
This definition ties "Value Added" to its role in a service agreement context.
"Value Added" refers to supplementary services or features that are provided within the terms of a service agreement, adding extra value.
Definition of "Value Added" as part of a growth strategy
This definition applies "Value Added" to a business's growth efforts.
"Value Added" refers to services, products, or features incorporated into a business’s growth strategy to enhance its market presence and value proposition.
Definition of "Value Added" as an added feature
This definition connects "Value Added" to additional product features.
"Value Added" means any additional feature, service, or modification that enhances the functionality or appeal of a product or service.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.