add value
The term 'add value' is commonly used in business and management to describe actions that increase the desirability or utility of a product, service, or situation.
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Definition
B2Business
(general)To make a product or service more appealing by enhancing its features, quality, or functionality.
Example
- The company aims to add value to its products by using sustainable materials.
- Providing excellent customer service is one way to add value.
B2Finance
(regional)To increase the amount of money available on a card or account.
Example
- You can add value to your transit card at any station kiosk.
- She added value to her prepaid phone account.
Similar
Terms that have similar or relatively close meanings to "add value":