What is Value Added?
1.
Corporate filler speak for "making a product more expensive by some obscure improvement/modification".
"Dude, Doritos are now $5.00 a bag, but it's alright, because the extra cheese powder makes them a Value Added Product."
See
2.
Something added in addition to a product to make it appear better value for money.
Windows 98 had many value added utilities on its CD in the VALUEADD directory.