Economics A-Level
Quality
What Quality means in Economics A-Level, as defined for AQA.
Definition of Quality
Check what you remember
Read the wording for your board, then hide it and explain Quality in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A focus that can differentiate a product, reducing the price elasticity of demand.
Topics that use Quality
- The objectives of firms (AQA A-Level)
Related terms
- Bounded rationality
- Business objectives
- Corporate governance
- Corporate social responsibility
- Firm performance and efficiency
- Marginal cost
- Marginal revenue
- Principal-agent problem
Using Quality 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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