Business GCSE
Resource allocation
What Resource allocation means in Business GCSE, as defined for AQA.
Definition of Resource allocation
Check what you remember
Read the wording for your board, then hide it and explain Resource allocation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Choices about production, investment and resource allocation are underpinned by opportunity cost.
Topics that use Resource allocation
- The purpose and nature of businesses (AQA GCSE)
Related terms
- Adaptation and change
- Added value
- Adding value through transformation
- Business functions
- Business growth and structure
- Business size and scale
- Business survival and growth
- Capital
Using Resource allocation 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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