value-addedadj.n.
/ˈvaljuːˌadᵻd/, U.S. /ˈvæljuˌædəd/ A. adj. (attributive).
1.
a. Economics. Of or relating to the amount by which the value of an article is increased at each stage of its production, exclusive of the cost of materials and bought-in parts and services. Cf. sense B. 1.
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1929 Jrnl. Amer. Statist. Soc. 24 138 This same period was chosen as the weighting base which remains fixed throughout, as it is the latest period for which ‘value added’ data for manufactures were available.
1958 Econ. Jrnl. 68 95 Allowing for the value of bought raw materials the ‘value-added’ element contributed by Co-operative production, British and foreign, is as low as 19.3%.
1967 Economist 21 Jan. 243/2 The aids must..bring in industries with rapid growth rates and a high value-added element.
2001 G. Chen in H. Pham Recent Adv. in Reliability & Quality Engin. xi. 175 It is a value-added process..to transfer costs to the value of a finished product.
b. Of a product: that has undergone processes of manufacture or other enhancement which add value to the raw materials, and so can be sold at a higher price. Hence: designating a product (esp. a foodstuff) on which there is a high profit margin, esp. one marketed as a premium commodity or luxury item.
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1967 Chicago Tribune 20 Apr. iii. 9/2 It's in our interest to export finished, value-added products so that not only our agriculture is protected, but also industry and labor.
1985 Austral. Business 4 Sept. 110/2 Increasingly Fielder is channelling its resources into higher-margin, value-added products.
1990 Independent Food & Drink (Brit. Independent Grocers' Assoc.) 128/1 Many retailers are also introducing various forms of ‘value-added’ bacon products since, in response to changing consumer demands, manufacturers are investing heavily in developing new forms of bacon products.
1996 Grocer 23 Mar. 18/1 It is planning a series of products—each with a specific health claim—in a bid to bring mainstream value-added lines to the chilled cabinet.
2008 N.Y. Times (National ed.) 7 Aug. c3/6 Choose a ‘value added’ niche product, like gourmet mushrooms, that is not sold widely in your area.
2. Designating a retailer or distributor of electronic goods, esp. personal computers, who resells goods bought from a producer in a modified or customized form, or with an additional package of goods and services, such as installation or maintenance. Frequently in value-added reseller, value-added retailer (abbreviated VAR).The goods are typically resold under their original brand or company name and without the involvement of any manufacturing process; cf. original equipment manufacturer n. at original adj. and n. Compounds 2.
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1980 Aviation Week & Space Technol. 28 Apr. 23/1 Insurance Systems of America, which will be a value-added reseller of SBS communications services to the insurance industry.
1981 Mini-Micro Syst. 14 116 Amcor is a value-added retailer of Onyx and Altos business systems, particularly for the pharmaceutical vertical market.
1982 Sci. Amer. Dec. 98/3 A new kind of outlet that is peculiar to the personal-computer field is the ‘value-added house’.
1991 Computer Reseller News (Nexis) 4 Nov. 3 This September, DEC signed on distributors, dubbed value-added wholesalers, that already sold DEC's high-end products.
1992 P. F. Jacobs Rapid Prototyping & Manufacturing 142 Value Added Retailer (VAR) of the externally developed ‘optional’ software. Adding value could include writing manuals for the software, packaging it, etc.
1997 N.Y. Times 14 July 12/3 Under the new marketing plan, Netscape will leave sales to these smaller companies to third-party marketers known as value-added resellers, or V.A.R.'s.
2007 M. A. Annacchino Pursuit New Product Devel. 357 These services may be performed by a local supplier or by a value-added vendor.
3. Designating a feature, service, etc., offered in addition to a standard product or service, esp. for no extra cost; spec. (esp. in early use) designating a service such as fax, data transmission, or e-mail offered on a value-added network (value-added network n. at Compounds).
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society > trade and finance > charges > freedom from charge > [adjective]
shot-freelOE
freea1225
costless1509
scot-free1542
free cost1586
chargeless1599
cost-free1602
gratuitous1656
gratis1659
pro deo1856
comp1875
tariffless1891
uncharged1894
buckshee1915
freebie1937
mahala1977
value-added1982
1982 Times 22 Jan. 14/5 The electronic mail service is the first value added service from British Telecom since the passage of the British Telecommunications Act.
1989 Times 9 Dec. 21/1 Fax transmission, electronic mail and value-added services such as shopping and banking by telephone.
1991 Offshore Engineer Sept. 64/2 The system is equipped with a number of value-added features such as music distribution.
1993 Newsweek 6 Sept. 58/3 Now motels are inventing ‘value added’ perks—ones that may cost pennies to initiate but give guests at least the perception of saving money.
2005 Femina (S. Afr.) Feb. 157/2 What extras would you expect with a petrol-card?.. You don't expect any free value-added facilities.
B. n. Chiefly in form value added.
1. Economics. The amount by which the value of an article is increased at each stage of its production, exclusive of the cost of materials and bought-in parts and services. Cf. value added tax n.
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society > trade and finance > management of money > management of national resources > [noun] > political economy > specific theories or doctrines > value theory > amounts or parts of value
added value1814
surplus value1816
production value1894
value-added1932
1873 Rep. Spinning & Weaving Textile Fabrics Abroad 1 in Parl. Papers LXVIII. 544 The production was, for 1870-1..in value 131,630,000 dollars, in which the value of cotton at mill was 50,715,000 dollars, and the value added by manufacture was, at the mill, 73,559,000 dollars.]
1932 Rev. Econ. Statistics 14 95/2 This basis may subsequently have been changed to conform with the later practice of using ‘value added’.
1940 Jrnl. Polit. Econ. 48 647 There are two possible bases for measuring the volume of activity of business concerns for purposes of taxation: one is some form of gross receipts; the other is the so-called ‘value added’.
1988 Third World Q. 10 1199 An unusually large share of Zimbabwe's manufacturing value added arises from smelting and refining of metals, which class as manufacturing according to the United Nations' standard classification.
1994 Sci. Amer. Apr. 23/2 Measurements of ‘value added’ deduct from total sales the cost of raw materials and other inputs that a company buys from other firms.
2002 Econ. & Polit. Weekly 20 Apr. 1516/2 The revaluation of the value added in the subsector ‘Public Administration and Defence’ because of higher pay scales.
2. In extended use.
a. Originally Business colloquial. The benefits imparted to an undertaking by the work of a particular person or group; (more generally) additional gain or advantage.
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1980 N.Y. Times 20 Nov. d2/4 We have to perform and give value added to our clients.
1988 M. Shublik in J. C. Coffee et al. Knights Raiders & Targets ii. 44/1 The economist or professor of finance can bring value added to the resolution of a problem.
1997 A. Barnett This Time ix. 298 Its mongrel population responds with value added, in a creative, hybrid and innovative site of fair play, highly interconnected and trading brilliantly.
2001 National Geographic Dec. 60/2 If he plays in three different basketball leagues (as some do), there is value added in that his teammates' parents may turn out to be CEOs of the companies you might be interested in.
b. Education (originally U.S.). A measure of the amount a student learns during a certain period in education, regardless of his or her inherent ability.
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1981 Chicago Tribune 29 Nov. v. 7/5 The solution to the dilemma, Evans said, depends on getting the most ‘value added’ out of every section or step of vocational education and training.
1991 Times Educ. Suppl. 15 Feb. 10/3 A much fairer way to judge the efforts of the school is to look at the value added, that is the increase in achievement of the students during their time at that school.
2006 N.Y. Times (National ed.) 13 Feb. a22/3 Any assessment would need to be administered longitudinally (at the beginning and the end of college studies) to assess the true value added of an education at that institution.
Compounds
value-added network n. Telecommunications and Computing a network which provides services in addition to a standard telephone system, such as fax, data transmission, or email; abbreviated VAN.
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1974 IEEE Trans. Aerospace & Electronic Syst. 10 173/1 The Value-Added Network Services features are good examples of this—error detection and correction, automatic alternate routing, automatic line load leveling, speed and code conversion, redundancy.
1994 Network World 24 Oct. 28/2 The software supports the exchange of files not only over the Internet, but over a variety of value-added networks.
2008 Age (Melbourne) (Nexis) 17 June 8 It has not offered local companies the value-added network available overseas.
This is a new entry (OED Third Edition, September 2011; most recently modified version published online December 2021).
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adj.n.1929