Meaning & use
added value
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Meanings
noununcountable
the extra benefit or usefulness that something provides beyond its basic function or cost.
Grammar: Usually uncountable; you can say 'added value' without 'a' or 'the' when speaking generally.
Patterns
- add value to something
- provide added value
- create added value
The new software adds value to our service by saving customers time.
Good design can be a source of added value for a company.
We need to show clients the added value of choosing our product.
noununcountablebusinesstechnical
the amount by which the value of a product increases at each stage of production, used in economics.
Grammar: Technical use in economics and business; often appears in phrases like 'economic value added' or 'added value tax'.
Patterns
- economic value added
- added value of production
The report measures the added value created by the manufacturing sector.
Economists study how added value is distributed among workers and owners.
Common combinations
- add value to something
- Her comments added value to the discussion.
- provide added value
- The training provides added value for new employees.
- create added value
- The partnership creates added value for both companies.
- real added value
- Customers want real added value, not just a lower price.
Synonyms and how they differ
- benefit
- A general word for a good effect; 'added value' emphasizes an extra benefit beyond what is basic.
- advantage
- Something that helps you do better; 'added value' is often used in business to mean extra worth for customers.
- bonus
- An unexpected extra; 'added value' is more formal and often planned as part of a product or service.
Word family
- value noun
- The basic worth or importance of something, without the idea of something extra.
- value-added adjective
- Describing a product or service that has extra features or improvements.
Commonly confused: added value or value added?
added value vs value added
As a noun phrase, 'value added' is common in economics; 'added value' is more general and often used in marketing.
Practice
The company believes that good customer service can ______ added value to its products.
Choose one answer.
The correct verb is 'add' because the phrase is 'add value' or 'add added value' (though 'add added value' is redundant; here 'add added value' means to increase the extra benefit). 'Give value' is possible but less common; 'make value' and 'do value' are not natural.
Make it your own
Write a sentence using “added value”, then check it and compare it with the examples above.