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What is the difference between the value of a​ firm's final product and the value added by the firm to the final​ product?
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What is the difference between the value of a​ firm's final product and the value added by the firm to the final​ product?

User Mgosk
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Answer:

The value of a firm's final product is the selling price whereas value added refers to the addition of value to the raw material (intermediate products).

Step-by-step explanation:

The term "value added" describes the enhancement a company gives to its product before offering it to the customer. It can be considered as an extra special feature added by a company to increase the value of a final product.

User Jairon
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