Business GCSE
Cost and benefit
What Cost and benefit means in Business GCSE, as defined for AQA.
Definition of Cost and benefit
Check what you remember
Read the wording for your board, then hide it and explain Cost and benefit in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Weighing the money and time that design improvements cost against benefits such as higher demand, a higher price, less waste or a stronger brand image.
Topics that use Cost and benefit
- Globalisation (AQA GCSE)
Related terms
- Competition
- Competitive pressure
- Competitiveness
- Customer needs
- Differentiation
- Exchange Rate
- External risk and opportunity
- Global integration
Using Cost and benefit 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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