Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise growth Strategies

Question:
Which of the following is an example of value addition?
Options:
Changing the design of wrapper of the product.
Changing the logo of the company.
Adding Vitamins in the buiscits
All of the above
Correct Answer:
Adding Vitamins in the buiscits
Explanation:
Option 3 is adding value to the customers while this is not the case in Option 1 and 2.
Business add values to goods and services by modifying them in a particular way to create a new product of greater value to customers.