![]() Growth: Growth can only be achieved when customers are satisfied with a business.Of course, you will need to pay for the extra camera but as long as prices rise more than costs, you get more profit. One easy example of this is a mobile phone with a camera would sell for much more than one without it. Added value could be increased by working on products so that they become more expensive finished products. However, this does not take into account overheads and taxes. If the price when selling a pen is $3 and it costs $1 in material, the value added would be $2. Increase added value : Value added is the difference between the price and material costs of a product. ![]() Normally a business will try to obtain a satisfactory level of profits so they do not have to work long hours or pay too much tax. Profit: Profit is what keeps a company going and is the main aim of most businesses. ![]()
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