Business A-Level
cost and timeliness
What cost and timeliness means in Business A-Level, as defined for AQA.
Definition of cost and timeliness
Check what you remember
Read the wording for your board, then hide it and explain cost and timeliness in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Weighing what it costs and how long it takes to gather evidence against the cost of getting the decision wrong, reaching a view suited to the firm's size.
Topics that use cost and timeliness
- Understanding markets and customers (AQA A-Level)
Related terms
- branding and price sensitivity
- confidence intervals
- evidence based decisions
- income elasticity
- limits of estimated data
- limits of historic records
- market share arithmetic
- portfolio planning
Using cost and timeliness 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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