Value added concept in POM is the difference between the input costs and the marketing costs.

Question

Quizplus · Accepted Answer

The value added concept in Production and Operations Management (POM) refers to the difference between the cost of inputs and the value or price of outputs. It is not specifically about the difference between input costs and marketing costs, but rather about the overall value added through the transformation process.

Value Added Concept in POM Is the Difference Between the Input