Value
Added
–
The difference
between the value of a firm's sales and purchases of materials and
semi finished inputs.
Variance –
A mathematical measure of the dispersion of the values of a variable around its mean. The variance may arise from a sampling of the population under study, or may just measure the variability of population values around its mean. The variance is denoted as sigma squared, s2.
Vertically Integrated – Separate divisions of one company producing the different stages of a product and marketing their output to one another.
