https://padlet.com/georginapowelledwards/uisupt4q4dhf Made with a wish on a star en-us 2016-11-07 18:25:08 UTC 2025-10-27 11:25:24 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Brightnessdown.png georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135886580 2016-11-07 18:26:29 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135886580 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135889166 The increased worth that a business creates for a product , it is the difference between what a business pays its supplier and the price it ia able to be sold at. ]]> 2016-11-07 18:32:14 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135889166 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135890034 2016-11-07 18:34:15 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135890034 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135890179 UNIQUE SELLING POINT 
characteristic of a product  that makes it different from other products being sold in the market. such a s design, quality or image. ]]> 2016-11-07 18:34:34 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135890179 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135891790 In order to create goods and services, a business buys or hires inputs such as raw materials, equipment, buildings and staff. These inputs are transformed into outputs called products.]]> 2016-11-07 18:38:13 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135891790 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892046 these products are the goods and services used by consumers. Production is the business activity of using resources to make goods and services.]]> 2016-11-07 18:38:49 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892046 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892490 A business adds value when the selling price of an item produced is higher than the cost of all the resources used to make it.]]> 2016-11-07 18:39:55 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892490 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892898 Think of a pair of designer sunglasses which sell for £100. If the cost of the materials, employees, marketing and all other inputs used in making one set of sunglasses is just £20, then £80 worth of value has been added by the firm during production.]]> 2016-11-07 18:40:50 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135892898 georginapowelledwards https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135893170 2016-11-07 18:41:25 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/135893170 https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/138042539 You're not really analysing here eg added value means a higher rsp, known as price skimming, which may enable a firm to increase its revenue and profit, providing it has a sustainable USP, perhaps protected by a patent, which allows it to price significantly above its competitive set.]]> 2016-11-16 12:52:53 UTC https://padlet.com/georginapowelledwards/uisupt4q4dhf/wish/138042539