But it is incredibly hard to value raw metals, Mr Goodhart argued, so the cost of using them in trade is high.
With a higher dollar value transaction for these imported raw materials, this makes the value of imports that much greater and further increases the trade imbalance.
Just as companies take raw materials and refine them into products, so (increasingly) do they also take raw information and add value from a chain of five activities: information gathering, organising, selecting, synthesising and distributing.
Not only do raw ideas have little intrinsic value, but they are often very costly.
Crowd-sourcing the analytics is quite a smart (and cheap) way for this big data company to create added value from its raw data.
Koch tends to invest in industries that convert raw materials into higher-value products, with complicated operations that require a lot of engineering talent and constant innovation in production methods.
Since its privatisation Vale, which the government often berates for not adding value to the raw materials it exports, has transformed itself from a medium-sized conglomerate to one of the world's biggest mining companies.
Wall Street seemed to be reacting to news of new stimulus measures from China, whose growing economy had been sucking in raw materials and high-value-added manufactured goods from around the world in recent years.
China, of course, needs raw materials for its own value-adding industries: hence the fears of some Latin American trade unionists, and industrialists, that a closer relationship with the Chinese will simply help them to compete in the world market in manufactures.
Hansbrough and Lighty are seniors so they had no choice but the trend should make future collegians lean to staying another year in school rather than coming out early since NBA scouts and general managers seem to place a higher value on the raw international players, who may be three to four years from making the roster.
Few African countries process their own raw materials - rather, the value is added elsewhere, to the benefit of others.
The environmental result is that the value chain sucks ever more raw materials through as fast as possible, swallowing up huge volumes of timber, steel, plastic and energy in the process.
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The value of ONS is that the raw data and the analysis of the experiments are available when needed.
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At a very fundamental level, to the extent that they can, they should aim to control as much of the value chain as possible, from raw materials and creation through sales and consumption.
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As process manufacturers, chemicals companies are on the upstream side of the overall consumer value chain, with heavy exposure to raw material pricing and energy costs.
Pay a high enough price in relation to rental value, and you're getting a raw deal, even if the price holds up.
Of the 19 midcap and small-cap funds, Keeley Small Cap Value fund and Hodges Fund had the best raw performance, up an annualized 18.6% over five years.
Without such knowledge, chemicals companies are challenged to ensure profitable margins or to make decisions on which raw materials should be further refined to deliver products with total higher value added output.
If the new treatment centres hit a raw nerve for many Labour members, the charge that they represent poor value for money is just as painful for ministers.
Quantify both the financial and the intrinsic emotional value your name carries, and use that number, rather than raw emotion, when preparing to negotiate.
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The government even wants to ban some raw-material exports, hoping to dragoon mining companies into building smelters and exporting higher-value goods.
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Rather than continuing to spend energy and investment on raw technology development, it created a program building on the innovations of others, providing then the true value add of integration, design and branding that has made each product extension a success.
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