Business GCSE
Best value
What Best value means in Business GCSE, as defined for AQA.
Definition of Best value
Check what you remember
Read the wording for your board, then hide it and explain Best value in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
What the business receives for its money, including quality, reliability, delivery speed and after-sales support, not price alone.
Topics that use Best value
- The role of procurement (AQA GCSE)
Related terms
- Analysing supplier choice in context
- Brand reputation
- Buffer stock
- Consequences for operations and costs
- Contextual judgement
- Customer satisfaction
- Customer satisfaction and reputation
- Decision making and judgement
Using Best value 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.
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