Business GCSE
Efficiency
What Efficiency means in Business GCSE, as defined for AQA.
Definitions of Efficiency
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Check what you remember
Read the wording for your board, then hide it and explain Efficiency in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Getting the greatest output from the resources used, so waste of time, materials, energy and money is reduced.
Achieving desired outcomes with minimum waste of resources such as time, money and materials.
Topics that use Efficiency
- Production processes (AQA GCSE)
- The role of procurement (AQA GCSE)
Related terms
- Buffer stock
- Just-in-Time (JIT)
- Lead times
- Waste reduction
- Analysing supplier choice in context
- Appropriateness
- Batch Production
- Best value
Using Efficiency 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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