Business GCSE
Uncertainty and decision-making
What Uncertainty and decision-making means in Business GCSE, as defined for AQA.
Definition of Uncertainty and decision-making
Check what you remember
Read the wording for your board, then hide it and explain Uncertainty and decision-making in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
These factors mean that business decisions are made without complete information, so plans may not achieve expected results.
Topics that use Uncertainty and decision-making
- Competitive environment (AQA GCSE)
Related terms
- Business response
- Competition
- Competitive pressure
- Entrepreneurial motives and rewards
- Impact of competition on pricing and profitability
- Market
- Price and non-price competition
- Reward
Using Uncertainty and decision-making 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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