value creation
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value creation
In economics, the process by which a company increases the value of goods or services through its activities. It is the difference between the sales value of a product and the cost of the purchased intermediate inputs.
Die Automobilindustrie hat eine hohe Wertschöpfung für die deutsche Wirtschaft.
The automotive industry creates a high level of value for the German economy.
The word consists of 'Wert' (value) and 'Schöpfung' (creation, from 'schaffen'/'erschaffen' — to create). So it literally describes the 'creation of value'.
Durch die Verarbeitung von Rohstoffen zu Produkten entsteht Wertschöpfung.
Value creation arises through the processing of raw materials into products.
'Wertschöpfung' (value creation) is a central term in economics and is mainly used in economic, business, or political contexts.
In der Vorlesung über Betriebswirtschaft haben wir die Wertschöpfung analysiert.
In the lecture on business administration, we analyzed value creation.
Common verbs with this noun are 'Wertschöpfung steigern' (to increase value creation), 'erhöhen' (to raise/increase), or 'generieren' (to generate). A very typical compound is 'die Wertschöpfungskette' (the value chain).
Das Unternehmen will seine Wertschöpfung im nächsten Jahr steigern.
The company wants to increase its value creation next year.
added value / surplus value
„Mehrwert“ refers to the additional benefit or value of a product, service, or improvement. „Wertschöpfung“, by contrast, describes the economic activity of a company and the increase in value created through it. Use Mehrwert for the result and Wertschöpfung for the business process.
Durch die persönliche Beratung erhöht das Unternehmen seine Wertschöpfung.
By providing personal advice, the company increases its value creation.
Die persönliche Beratung ist für die Kunden ein großer Mehrwert.
The personal advice is a major added benefit for customers.
