Business A-Level
budgets and trade offs
What budgets and trade offs means in Business A-Level, as defined for AQA.
Definition of budgets and trade offs
Check what you remember
Read the wording for your board, then hide it and explain budgets and trade offs in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Spending plans where cutting one budget makes the cost surface somewhere else, since trimming training raises turnover, which raises recruitment costs and lowers productivity.
Topics that use budgets and trade offs
- Financial management (AQA A-Level)
Related terms
- competitive advantage
- crowd funding
- environmental investment
- equity crowd funding
- Ethical, environmental and technological influences
- ethics and profit trade off
- functional interdependence
- gearing
Using budgets and trade offs 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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