Term frequently used by the Schwartz family tree, predominately those with XY chromosomes, to describe people/objects/actions that have a positive impact on society.
A chain of events twinned to a working process designed to add value to a clients journey. Depicted by a cartoon snake. (Credit for process - Mike Horsley, Credit for Name - Michael Thorpe)
A tax added to an item to raise government revenue from every stage of production, cradle to grave. Referred to as a VAT tax. It was an idea proposed in 1918 and implemented in France in 1954.
The Govt wants to add a Value Added Tax, or VAT because they keep spending money and can't manage their money, as sales tax, income tax, and death taxes aren't enough. They need to keep raising money to support the middle and low income folk who in turn can't manage their money, so they will keep taking from them to help support them. An alternate solution is to prevent fraud in govt social programs and let people spend their own money.
A term used during meetings, generally to sound slick and cutting edge. Means exactly the same thing as "adding value," which itself is redundant because any work project is supposed to add value.
Employee #1: By doing this project we will provide value-added
Employee #2: You mean we'll add value?
Employee #1: You obviously can't keep up with the high energy world of business.