Business GCSE
Budget
What Budget means in Business GCSE, as defined for AQA, OCR.
Definitions of Budget
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Budget in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
One factor that selection of the promotion mix depends on, alongside target market, product type, stage in product life cycle, competitor actions and marketing objectives.
A financial plan that sets out expected income and expenditure over a specific future period.
Topics that use Budget
- The elements of the marketing mix: price, product, promotion and place (4Ps) (AQA GCSE)
- The role of the finance function (OCR GCSE)
Related terms
- Access to customers
- Adaptation and reaction
- Adaptation to change
- Advertising
- Balancing
- Batch Production
- Brand awareness
- Brand awareness and image
Using Budget 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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