Value adding occurs when purchased components are further transformed by the company's production process.

Name: Value adding occurs when purchased components are further transformed by the company's production process.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Value adding occurs when a company's production process transforms purchased components into a higher value end product. This adds value to the components and ultimately to the final product, which customers are willing to pay for.

Value Adding Occurs When Purchased Components Are Further Transformed by the Company's