Singapore GCE O-Level Business Studies Practice Questions - Singapore GCE O-Level Business Studies (SEAB Syllabus 7085) Exam

How is 'added value' calculated by a manufacturing firm?

Selling price of the finished product minus the cost of bought-in materials and components Total annual revenue minus total fixed overhead expenses Net profit after tax divided by total capital employed Gross profit minus labor costs and utility expenses

Correct Answer:

Selling price of the finished product minus the cost of bought-in materials and components

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