What does "value added" mean?

The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.

Value added

adj, noun

adj, noun ·Rare ·Advanced level

Noun

1
The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.

Adjective

1
Having features added to a basic line or model for which the buyer is prepared to pay extra.
"I think you'll notice that our top-end model is very value-added."

"I think you'll notice that our top-end model is very value-added."