Business A-Level
limits of estimated data
What limits of estimated data means in Business A-Level, as defined for AQA.
Definition of limits of estimated data
Check what you remember
Read the wording for your board, then hide it and explain limits of estimated data in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Both numbers come from past behaviour, assume nothing else moves, and neither says a word about cost, so a price cut that lifts revenue can still cut profit.
Topics that use limits of estimated data
- Understanding markets and customers (AQA A-Level)
Related terms
- branding and price sensitivity
- confidence intervals
- cost and timeliness
- evidence based decisions
- income elasticity
- limits of historic records
- market share arithmetic
- portfolio planning
Using limits of estimated data 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.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge