Business A-Level
Adding value
What Adding value means in Business A-Level, as defined for AQA.
Definition of Adding value
Check what you remember
Read the wording for your board, then hide it and explain Adding value in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The difference between the price a customer pays and the cost of the bought in inputs, which is the reason the business exists at all.
Topics that use Adding value
- Understanding the nature and purpose of business (AQA A-Level)
Related terms
- Alignment and consistency
- Direction and coordination
- Purpose against measurable targets
- Survival
- The hierarchy of aims
- Unintended effects of targets
- Control and performance review
- Fixed costs
Using Adding value in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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