Value-added
noun
1.
something, as an item of equipment, that has been added to a product by a marketer or distributor to warrant a markup in the retail price.
adjective
2.
of, relating to, or supplying value-added:
software supplied by a value-added distributor.
Read Also:
- Value added network
networking (VAN) A privately owned network that provides a specific service, such as legal research or access to a specialised database, for a fee. A Value Added Network usually offers some service or information that is not readily available on public networks. A Value Added Network’s customers typically purchase leased lines that connect them to […]
- Value added reseller
company (VAR, or “value added retailer”) A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). (1995-02-14)
- Value added retailer
value added reseller
- Value-added tax
noun 1. an excise tax based on the value added to a product at each stage of production or distribution: value added is arrived at by subtracting from the total value of the product at the end of each production or distibution stage the value of the goods bought at its inception. Abbreviation: VAT. value-added […]
- Value analysis
noun a study of a product’s design, manufacturing, and marketing for the purposes of more economical production