Business A-Level
price indices
What price indices means in Business A-Level, as defined for AQA.
Definition of price indices
Check what you remember
Read the wording for your board, then hide it and explain price indices in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Indices businesses meet as a consumer prices index when deflating nominal revenue into real terms, as a commodity index when judging input costs, and as a share price index when measuring performance against the market.
Topics that use price indices
- Annex: quantitative skills in business (AQA A-Level)
Related terms
- analysis
- average rate of return
- averages
- axes and scales
- base year
- benchmarking
- break-even charts
- break-even output
Using price indices in the exam
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