Business A-Level
buffer stock
What buffer stock means in Business A-Level, as defined for AQA.
Definition of buffer stock
Check what you remember
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Reference: AQA
Stock held against a supplier or a demand forecast disappointing, which the stockless approach replaces with the reliability and frequency of deliveries.
Topics that use buffer stock
- Making operational decisions to improve performance: increasing efficiency and productivity (AQA A-Level)
Related terms
- average rate of return
- break-even output
- capacity utilisation
- capital intensive
- gearing
- labour intensive
- payback period
- spare capacity
Using buffer stock in the exam
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