Business A-Level
cost cutting trade offs
What cost cutting trade offs means in Business A-Level, as defined for AQA.
Definition of cost cutting trade offs
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Reference: AQA
Cutting costs can lift the margin, but quality or brand damage is a conditional risk rather than an inevitability.
Topics that use cost cutting trade offs
Related terms
- cash flow versus profit
- constraints on small firms
- credit control
- debt factoring
- margins and return on capital employed
- price elasticity of demand
- profit versus profitability
- supplier bargaining power
Using cost cutting trade offs in the exam
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