Adding Value

Is the difference between the price that is charged to the customer and the cost of inputs required to create the product or service.

Differentiation

Making a product different from other similar products through the use of unique features and branding, for example.

Unique Selling Proposition (USP)

The elements that make one businesses products better than those of competitors

Trade Credit

An agreement with a supplier to receive goods now and pay for them at a later date (typically after 30 days)