Economics B A-Level
Business resilience
What Business resilience means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Business resilience
Check what you remember
Read the wording for your board, then hide it and explain Business resilience in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The ability of businesses to withstand shocks, often through diversification, maintaining cash reserves, and flexible supply chains.
Topics that use Business resilience
- Risks and uncertainty (Pearson Edexcel A-Level)
Related terms
- Contingency planning
- Exchange rate risk
- Financial stability
- Forward contract
- Risk
- Supply-side shocks
- Uncertainty
- Demand-side shocks
Using Business resilience 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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