Oxford Business English Dictionary for Learners of English

.value-added 'reseller noun [c] (abbrVar) (Commerce) a company that adds extra features or improvements to another company's product or service, especially computers and software, before it is sold to the consumer

value a.nalysis noun [u,c] (Production) a way of trying to reduce the cost of a product while keeping the same quality by examining all the things the product does for the customer and the production cost of each of these value engineering

value-based .pricing = value pricing (l)

'value chain noun [c] (Marketing; Production)

the series of stages involved in the design, manufacture, marketing and support of a product, each of which adds value to it: She analysed a typical value chain for books, breaking the costs down into separate areas.

a series of companies that includes the company that makes a product and those that add extra features to it before it is sold to the customer: The company wishes to own more of the value chain.

'valued .policy noun [c](Insurance) a type of insurance policy in which the value of the items insured, and the amount that will be paid if a claim is made, is agreed in advance

'value engineering noun [u](Production) the process of designing a product or service so that it gives as much value as possible to customers without unnecessary costs: A value engineering exercise was carried out and some design changes were identified. -> value analysis

.value for 'money .audit noun [c] an official examination of the records of a charity or business that does not aim to make a profit in order to check that it is using the money that it spends in the best way

'value in.vestor noun [c](Finance) an investor who buys shares that they believe are being traded at less than their real value and whose price will probably soon rise

'value judgement (also spelled ~ judgment,

especially in АтЁ) noun [c,u] a decision about how good or important sth is, based on personal opinions rather than facts

'value .pricing noun [u] (Marketing)

(also 'value-based .pricing) a way of deciding the price of a product based on its value to the customer rather than on the cost of producing it

the practice of selling a product at a lower price, while keeping its value to the customer the samevaluer flveeiju:a(rV nou-n [с] a person whose job is to estimate how much property, land, etc. is worth: The apartment was sold at a price fixed by an independent valuer.

'value sharenoun [c](Marketing) the share of a market that a particular product has in terms of the money it makes: Our toothpaste's value share has improved from 48% to 50%. market share

value-stream a.nalysis noun [u,c] (Production) a method of analysing which parts of the production process add to the value of the product and which parts do not: We carried out a value-stream analysis of the plant in order to eliminate waste and make our production leaner.

vanilla /va'mla/ adjective (informal) ordinary; not special in any way: Many customers prefer plain vanilla cellphones.

vapourware (AmE spelling vaporware)

/'veipawea(r); AmE -parwer/ noun [u] (IT, informal) computer software that is being advertised but is not yet available and may never be developed and sold: The technology is finally moving from vapourware to product.

VAR /,vi: ei 'a:(r)/ = value-added reseller

variable /'veariabl; AmE 'ver-; 'vaer-/ adjective, noun

adjective

often changing; likely to change: variable rates of interest о The images are of variable quality (= some are good, some bad).

able to be changed: a tool with variable speed control о If you experience seasonal demand, variable pricing might help (= charging different prices at different times).

adjustable

noun [C]