Adding Value to Products and Services in Business

The video explores how businesses add value to their products and services, allowing them to charge higher prices than the production costs. It highlights the role of brand influence, using examples like Apple, Nike, and Rolex, and discusses strategies for adding value, such as improving quality and controlling costs. The video also compares the value added in dining experiences versus home cooking and emphasizes the importance of added value for business profitability and growth.

What new insight or understanding did you gain from this video?

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