Business A-Level
risk
What risk means in Business A-Level, as defined for AQA.
Definitions of risk
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Reference: AQA
A situation where outcomes can be given probabilities, as opposed to uncertainty where they cannot.
What could go wrong, how likely that is and what it would cost.
A spread of outcomes the firm can put probabilities on.
Topics that use risk
- Analysing strategic options: investment appraisal (AQA A-Level)
- Strategic decision making (A-level only) (AQA A-Level)
- Subject content (AQA A-Level)
Related terms
- uncertainty
- Automation and the cost structure
- average rate of return
- capacity utilisation
- corporate and functional objectives
- Corporate social responsibility
- cost now against benefit later
- data quality
Using risk in the exam
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