Business decision making
What Business decision making means in Business GCSE, as defined for AQA.
Definitions of Business decision making
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 Business decision making in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Must take stakeholders into account because stakeholders can influence business behaviour and their interests may conflict.
Explaining what the data suggests for the business, adding a business consequence rather than stopping at the number.
Using financial statements to support choices such as whether to expand, cut costs, raise finance or change prices.
Topics that use Business decision making
- Analysing the financial performance of a business (AQA GCSE)
- Stakeholders (AQA GCSE)
- The purpose and methods of market research (AQA GCSE)
Related terms
- Market share
- Quantitative data
- Asset and liability classification
- Assets
- Average Rate of Return (ARR)
- Calculating and comparing ratios and totals
- Calculation skills
- Cash Flow Forecast
Using Business decision making 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.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
A week of Premium from your first lesson · Then the free plan continues · No card, no charge