Final dates! Join the tutor2u subject teams in London for a day of exam technique and revision at the cinema. Learn more


Added Value

The process of increasing the worth of resources by modifying them.

Businesses can achieve added value in several ways, including:

  • Differentiation: Offering unique or differentiated products or services that provide additional value to customers beyond the core product or service.
  • Innovation: Introducing new or improved products or services that offer customers additional benefits or features.
  • Customer service: Providing excellent customer service can add value by creating a positive experience and building customer loyalty.
  • Branding: Creating a strong brand can add value by differentiating the business from competitors and creating a positive image in the minds of consumers.
  • Pricing strategy: Using pricing strategies such as bundling, discounts, or loyalty programs can create added value for customers.

© 2002-2024 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.