Business A-Level
limits of models
What limits of models means in Business A-Level, as defined for AQA.
Definition of limits of models
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Reference: AQA
Being a snapshot, it is static, subjective, only as good as the information behind it, and silent on whether the firm can afford to act.
Topics that use limits of models
Related terms
- Ansoff's Matrix
- balanced scorecard
- conflicting objectives
- Corporate Objective
- corporate objectives
- diversification
- external environment
- Functional Coherence
Using limits of models in the exam
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