value-added

Vocabulary Word

Definition

'Value-added' is a term which means adding extra features, improvements, or benefits to a product or service, making it more desirable or valuable to the user.

Examples in Different Contexts

In social impact projects, 'value-added' could be additional educational resources. An NGO director might reflect, 'Providing free educational materials is the value-added component of our literacy program.'

Practice Scenarios

Business

Scenario:

As we plan to introduce a new line of organic food products, it is key that we identify what makes our offering unique to attract customers.

Response:

Let's include a value-added service of home delivery to distinguish our organic food products from other stores.

Creative

Scenario:

Our upcoming marketing campaign needs to stand out visually. Let's think about what elements we could incorporate that would make a bold impression.

Response:

Incorporating interactive animations could be a value-added aspect presenting our campaign in a different light.