Business GCSE
Efficiency and waste reduction
What Efficiency and waste reduction means in Business GCSE, as defined for AQA.
Definition of Efficiency and waste reduction
Check what you remember
Read the wording for your board, then hide it and explain Efficiency and waste reduction in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Reducing waste of raw materials and holding less stock so storage and insurance costs fall, which can lower unit cost.
Topics that use Efficiency and waste reduction
- The role of procurement (AQA GCSE)
Related terms
- Analysing supplier choice in context
- Best value
- Brand reputation
- Buffer stock
- Consequences for operations and costs
- Contextual judgement
- Customer satisfaction
- Customer satisfaction and reputation
Using Efficiency and waste reduction in the exam
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