Costs and benefits
What Costs and benefits means in Business GCSE, as defined for AQA.
Definitions of Costs and benefits
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 Costs and benefits in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Benefits include fewer errors, less waste, higher customer satisfaction and stronger motivation, but training takes time and money and may not guarantee quality if systems or materials are poor.
The drawbacks and advantages weighed against each other, such as lower cost and immediate productivity against fees, travel and lost output.
Topics that use Costs and benefits
- The concept of quality (AQA GCSE)
- Training (AQA GCSE)
Related terms
- Additional sales
- Business context
- Business growth
- Business reputation
- Competitive positioning
- Continuous improvement
- Customer loyalty and reputation
- Customer satisfaction and reputation
Using Costs and benefits 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