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Enterprise Growth Strategies — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEnterprise Growth Strategies3 Marks
Question
Explain value addition by giving examples.
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Answer

Value addition means to add values to goods and services by modifying them in such a way that their utility is enhanced. Examples of value addition are as follows:
  1. Turning cotton into fabric.
  2. Turning milk into cheese.
  3. Turning wood into paper.

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