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What does value-added mean?

Looking for the meaning or definition of the word value-added? Here's what it means.

Adjective
  1. Alternative spelling of value added
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Examples
The income generated from the value-added business will flow to, and within, the local community.
Ireland must develop a high tech skill base and move up the value-added chain.
Lactose, or milk sugar, is also a value-added commodity and a byproduct of whey protein concentration.
Malah is in charge of making the farm's value-added products, like pickles, jams, and jellies.
From a product manufacturer's viewpoint, there continues to be a growing need to provide value-added services to agents.
It could be that one of the brands migrates more toward a high-technology, value-added brand.

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