Added value is the maximal value created by all participants in a transaction minus the value...

Question

Question

Added value is the maximal value created by all participants in a transaction minus the value of the top participant. True False

Answer 1

Answer #1

Correct Answer:

False

Added value = Price received after the transaction - cost of producing the product and services

So, added value is the different between value created and cost incurred.

Answer 2

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