Authors : Almaz Rysbekov, Serikbay Ydyrys, Erzhan Amirbekuly and Almas Kuralbayev
Abstract: Added value generated in commodity production and has a "fixed" characteristic as the newly created value. It is equivalent to "the difference between the value of produced goods and services used in the production process. Economic nature of the value added is the increment (addition) of the value of produced goods and services. In other words, value added neither is "adding value to the selling price of the goods" as a subjective action and neither is the cost of goods and services used in the production of goods. Valuation of marketable products allows to take into account the difference in the cost of production of goods and services and gross valuation products. This difference should be in mind while taking into account and measured cost effectiveness in the production of goods and services.
Almaz Rysbekov, Serikbay Ydyrys, Erzhan Amirbekuly and Almas Kuralbayev, 2017. Features of Formation of Product Manufacturing Processes with High Added Value in Kazakhstan. International Business Management, 11: 571-578.